FINRA-Proposed Rule Change to Amend Rule 2251

FINRA has filed with the SEC an amendment to FINRA Rule 2251 ("Forwarding of Proxy and Other Issuer-Related Materials") relating to rates of reimbursement for expenses incurred in forwarding proxy and other issuer-related material. The amendment would establish a five-year fee for the development of an enhanced brokers' internet platform, and to make miscellaneous revisions, in order to conform to the language found in Rules 451 and 465. FINRA requested that the proposed rule amendment not become operative for 30 days after the date of filing.

See: Text of Proposed Rule Change; Press Release.