FINRA-Proposed Rule to Amend FINRA Rules 2210 and 2214

FINRA filed with the SEC a proposed rule change to amend FINRA Rule 2210 ("Communications with the Public") and FINRA Rule 2214 ("Requirements for the Use of Investment Analysis Tools"). The rule change would amend Rule 2210 to exclude from the filing requirements any research reports concerning only securities listed on a national securities exchange, other than those that must be filed pursuant to Investment Company Act Section 24(b) ("Registration of Securities under Securities Act of 1933"). The proposed rule would also clarify that free writing prospectuses that are exempt from filing with the SEC are not subject to the rule's filing or content standards in Rule 2210.Additionally, FINRA is proposing to correct a mistaken rule cross-reference in Rule 2214.

See: Text of Proposed Rule Change.