The Securities and Exchange Commission (the “SEC”) has approved the proposed new rules of the Financial Industry Regulatory Authority, Inc. (“FINRA”) governing communications by member firms with the public. The new rules will become effective on February 4, 2013.

The Communication Rules adopt the National Association of Securities Dealers, Inc. (“NASD”) Rules 2210 and 2211 and NASD Interpretive Materials 2210-1 and 2210-3 through 2210-8 as FINRA Rules 2210 and 2212 through 2216 (collectively, the “Communication Rules”), and delete certain provisions of Incorporated New York Stock Exchange (“NYSE”) Rule 472 (as well as certain supplementary material and interpretations related to this rule). These rules govern FINRA member firms’ communications with the public.