FINRA Provides Additional Guidance on New Suitability Rule

more+
less-

In response to industry questions, FINRA has released a third notice, Regulatory Notice 12-25, in order to provide additional guidance on the Rule. Regulatory Notice 12-25 addresses questions that are representative of the issues firms are attempting to resolve as they finalize their plans for compliance with the Rule. Nevertheless, FINRA has emphasized that it previously addressed numerous issues and it encourages firm’s to review (1) FINRA’s responses to comments submitted during the rulemaking process and (2) Regulatory Notices 11-02 and 11-25.

Click here for FINRA Regulatory Notice 12-25.

 


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:

more+
less-

Katten Muchin Rosenman LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×