Extending FINRA's Rules To Debt Research

Law360, New York (March 23, 2012, 1:26 PM EDT) -- The most recent development in the ongoing regulatory battle against research analyst conflicts of interest is the Financial Industry Regulatory Authority (FINRA) revised rule proposal in Regulatory Notice 12-09 entitled “Debt Research Reports” that extends most of the firewalls created for equity research to debt research providers.[1]

This regulatory notice is a follow-up to the regulatory notice jointly issued by the National Association of Securities Dealers (NASD) and the New York Stock Exchange (NYSE) — now consolidated as FINRA — in July 2006[2] and the concept...
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