The Financial Industry Regulatory Authority (FINRA) announced record retention relief it secured for its member firms in connection with a no-action letter issued by the Security and Exchange Commission’s Division of Trading and Markets. Under the terms of this letter, FINRA member firms will be able to rely on Web CRD, effective February 19, to satisfy record retention requirements with respect to the maintenance of certain Forms U4, U5 and BR filed in Web CRD. The relief does not extend to Form U4s and U5s that require signatures.