FINRA Seeks Comments on Proposed Rule Requiring Delivery of Educational Communications to Customers of a Transferring Representative

On May 27, 2015, FINRA released Regulatory Notice 15-19 (“RN 15-19”) seeking comment on a proposed rule which would require recruiting firms to provide educational communications to retail customers who intend to transfer their assets to a registered representative’s recruiting firm. The purpose of the educational communications would be to inform customers of potential implications of transferring assets to the…

Read More

FINRA Proposes to Make It Easier to Communicate with the Public

FINRA has proposed several amendments to the public communications rules[1] that are designed to ease some of the regulatory burdens associated with these rules, while not sacrificing underlying investor protections.  The proposals emerged from a reassessment FINRA conducted of the effectiveness and efficiency of the public communications rules.  FINRA published the results of the study in December 2014 and set…

Read More