FINRA To Publicize More Info On Disciplinary Actions

Law360, New York (June 24, 2013, 6:34 PM EDT) -- The Financial Industry Regulatory Authority can now make public more information about the disciplinary actions it takes against securities firms, the U.S. Securities and Exchange Commission said in adopting a rule change Friday.

Previously, FINRA rules had set limits on what information could be released publicly on the disciplinary actions it took against brokers, but the new rules allow the self-regulatory organization to automatically release such information to the public.

"The commission believes that the proposed rule change promotes transparency, consistency across FINRA's programs and clarity...
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