News & Insights

Help
2 News Results

SIFMA asked FINRA to reduce the burdens of compliance with a proposed reporting rule concerning employee accounts, and move toward a system based on principles instead of rigid requirements. Specifically, SIFMA recommended changes in FINRA's proposal to (i) adopt FINRA Rule 3210 ("Accounts at Other Broker-Dealers and Financial Institutions") in the Consolidated FINRA Rulebook and (ii) delete incorporated NYSE Rules 407 ("Transactions - Employees of Members, Member Organizations and the Exchange") and 407A ("Disclosure of All Member Accounts"), as well as related Incorporated NYSE Rule