FINRA proposed loosening research rule requirements relating to certain investment funds.
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FINRA issued three regulatory notices and requested comments on (i) rules governing capital raising, (ii) proposed amendments for underwriting arrangements, and (iii) a proposed limited safe harbor from research rules for desk commentary.
The House Financial Services Committee approved six bills intended to enhance capital formation.
The SEC sanctioned a research analyst for violating SEC certification rules by communicating personal views of a company contrary to the public rating contained in his research report.
FINRA published a regulatory notice (15-30) announcing the adoption of new FINRA Rule 2241 ("Research Analysts and Research Reports"). The rule, which consolidates (and adds to) NASD Rule 2711 and NYSE Rule 472, addresses conflicts of interest relating to the publication and distribution of equity research reports. FINRA also published a regulatory notice (15-31) announcing the adoption of FINRA Rule 2242 ("Debt Research Analysts and Debt Research Reports"), which addresses conflicts of interest relating to the publication and distribution of debt research reports. The regulatory notices