A firm settled FINRA charges for providing employer sponsors and employee participants with inaccurate information regarding the retirement plans offered by the firm.
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FINRA provided FAQs on how broker-dealers may comply with FINRA disclosure requirements when communicating with customers through electronic media.
A FINRA member firm agreed to pay fines and reimburse customers for making unsuitable trading recommendations regarding variable annuity exchanges.
FINRA staff concluded that member firms may use "Related Performance Information" in institutional communications concerning variable annuity and life insurance contracts.
The SEC solicited comments on a FINRA proposal to incorporate NASD Interpretive Material 2210-2 as FINRA Rule 2211 ("Communications with the Public about Variable Life Insurance and Variable Annuities") in the consolidated FINRA rulebook. The request for comments was published in the Federal Register.