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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.