FINRA Proposes Amendment to Rule 2251

FINRA filed with the SEC a proposed amendment to FINRA Rule 2251 ("Forwarding of Proxy and Other Issuer-Related Materials"). The proposal relates to (i) rates of reimbursement for expenses incurred in forwarding proxy and other issuer-related material, and (ii) the establishment of a five-year fee for the development of an enhanced brokers internet platform. FINRA also filed miscellaneous conforming revisions.

FINRA declared the proposed rule change "non-controversial," therefore rendering the proposal effective upon the receipt of the filing with the SEC. The SEC issued a notice soliciting comments on the proposal.

See: FINRA Proposed Rule Change.See generally: FINRA Rule Calendar (accessible to Cabinet subscribers only).