Proposed Rule Change to Amend FINRA Rule 5250 (Payments for Market Making)

FINRA has proposed amending FINRA Rule 5250, which prohibits any payment by issuers or issuers' affiliates and promoters to a member for publishing a quotation or acting as a market maker, to allow arrangements that are provided for by the rules of a national securities exchange. The proposed amendment reflects the fact that exchanges have implemented and are considering means of incentivizing market-making, including the use of voluntary programs that would be funded through fees by issuers or affiliates of issuers.

View Proposed Rule Change here (links externally to FINRA website).