The Financial Industry Regulatory Authority recently released a Regulatory Notice in which it proposed changes to certain aspects of the FINRA rules governing member firms’ communications with the public. The proposed amendments would revise certain filing requirements of FINRA Rules 2210 (Communications with the Public), 2214 (Requirements for the Use of Investment Analysis Tools), and 2213 (Requirements for the Use of Bond Mutual Fund Volatility Ratings). FINRA is proposing these amendments to better align the investor protection benefits and economic impacts of its filing requirements. It is expected that these rule changes, if adopted, would affect the current filing practices of 80 to 90 percent of the firms that file retail communications with FINRA. This Client Alert is a summary of the proposed changes.
Client Alert
