Earlier this month, FINRA's Board of Governors met for their July meeting. Chair Richard Ketchum and lead governor Jack Brennan prepared a short video overview of the results of that meeting. That can be found online here. Of note, they discussed the current status of FINRA's CARD proposal and modifications to their rule proposal for that planned system. The revised rule proposal will be published in a Regulatory Notice for which they will seek comments, and then, after review of same, FINRA plans to submit a rule proposal to the SEC for consideration by the end of the year.