FINRA Withdraws Proposed Broker Disclosure Rule

Law360, New York (April 24, 2013, 5:36 PM EDT) -- The Financial Industry Regulatory Authority last week withdrew a proposed rule requiring its registered broker-dealers to make online information about their backgrounds more accessible to investors, saying it planned to revise the rule after comments from industry participants.

The proposed rule would have required FINRA members to include a prominent description of and link to FINRA’s free online disclosure site BrokerCheck on their “websites, social media pages and any comparable Internet presence relating to a member's investment banking or securities business,” FINRA had said in its...
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