The Securities and Exchange Commission recently issued Release No. 34-66049, which seeks comments on the Financial Industry Regulatory Authority’s (FINRA) second amendment (the Second Amendment) to proposed FINRA Rule 2210 (the Rule), which was issued in July 2011, regarding FINRA member firms’ communications with the public. The Second Amendment signals FINRA’s retreat on certain aspects of the Rule that commenters argued would add unnecessary compliance burdens for broker-dealers.

Source: Investment Management Alert
Leave Drinker Biddle to Learn More