The U.S. Financial Industry Regulatory Authority, Inc. (FINRA)
on June 14, 2012 announced the implementation date for its new
rules governing communications with the public. The new rules
become effective on February 4, 2013.
The new FINRA rules will replace current NASD Rules 2210 and 2211
and the Interpretive Materials that follow NASD Rule 2210, as well
as delete portions of Incorporated New York Stock Exchange Rule
472. While the new rules are based upon the current provisions of
these rules, there are some notable changes. It is important that
firms are aware of the new rules and that they educate their
compliance and marketing professionals regarding the changes to
ensure compliant sales communications.
For more information on the new rules, please see our May 3 update
"
SEC Approves New FINRA Rules Governing Communications With the
Public."
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