A firm settled FINRA charges for suitability and supervisory violations related to the sale of non-traditional and volatility-linked exchange traded products.
News & Insights
FINRA stated that marketing materials should reflect the fact that many private placements are either illiquid or speculative in nature, and should "balance claims of these investments' benefits by disclosing these risks."
FINRA provided FAQs on how broker-dealers may comply with FINRA disclosure requirements when communicating with customers through electronic media.
A broker-dealer agreed to pay approximately $4.5 million to settle SEC charges in connection with certain disclosures to customers regarding bond prices.
FINRA Reg. Notice 12-29 The SEC approved a FINRA proposal to adopt NASD Rules 2210 and 2211 and NASD Interpretive Materials 2210-1 and 2210-3 through 2210-8 as FINRA Rules 2210 and 2212 through 2216 (collectively, the Communications Rules), and to delete certain provisions of Incorporated NYSE Rule 472 and certain Supplementary Material and Rule Interpretations related to NYSE Rule 472. All firms should review the new rules and accordingly update their policies and procedures regarding advertising and other communications with the public and related matters. Effective Date : February 4, 2013