FINRA Reissues Controversial Business Practice Rules Of 2010 Hot

0.0 (0)
Write Review
The original rules demanded that FINRA receive advance notice of new products or services, increases in personnel after a certain threshold, notification of transactions involving 10% or more of a firm’s ownership, and changes in a firm’s service providers.
The changes would then be subject to a formal approval process by FINRA in an effort to prevent fraud at broker-dealers and their affiliates.
SIFMA urged FINRA to revamp the proposal and do away with many of its requirements. The Financial Services Institute Inc. (FSI) stated in a letter that the new rules would extend FINRA’s jurisdiction well beyond traditional limits.
The revision is said to include provisions to address regulatory issues FINRA has identified and to codify existing practices and interpretations.

This Website Is For Financial Professionals Only

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account