The Financial Industry Regulatory Authority, Inc. recently filed proposed advertising rule changes with the Securities and Exchange Commission. The SEC is now seeking comments on the proposed rule changes. The proposed amendments would:
- Eliminate FINRA Rule 2210 filing requirements for research reports concerning only securities listed on a national securities exchange (other than certain research reports filed pursuant to the Investment Company Act of 1940 (the “1940 Act”));
- Clarify that free writing prospectuses that are exempt from filing with the SEC are not subject to the FINRA Rule 2210 filing or content standards; and
- Correct a mistaken rule cross-reference in FINRA Rule 2214 on investment analysis tools.
You may submit comments on the proposed rule changes through April 21, 2014.