FINRA filed with the SEC proposed amendments to Rule 9120 and the definition of "hearing officer" to include former employees of FINRA who previously worked as FINRA hearing officers. See: Text of the Proposed Rule.

FINRA announced that it is soliciting comments on a proposal to make a repository of Form 211 filings publicly available through FINRA's website. Firms are required to complete FINRA's Form 211 to demonstrate compliance with the specific information review requirements under Exchange Act Rule 15c2-11 prior to initiating a quotation in a non-exchange-listed security. Comments must be submitted by September 2, 2014. The text of the proposed rule is attached to the Regulatory Notice. See: FINRA Reg. Notice 14-29.

FINRA filed with the SEC proposed amendments to Rule 7710 relating to fees for the OTC Reporting Facility ("ORF"), as well as the deletion of Rule 7740 relating to historical research and administrative reports. These amendments concern the migration of the ORF to FINRA's Multi-Product Platform ("MPP"). FINRA's MPP is a platform owned by FINRA and developed by NASDAQ which consolidates FINRA's technology for gathering and disseminating trade execution and, where applicable, quotation data, conducting trade comparisons and gathering associated regulatory data for debt and equity securities

The SEC order approving the FINRA-proposed rule amendments to FINRA Rules 2210 ("Communications with the Public") and 2214 ("Requirements for the Use of Investment Analysis Tools") was published in the Federal Register. See: 79 FR 37796. Related news: SEC Approves FINRA-Proposed Amendments to Rules 2210 and 2214 (June 27, 2014); FINRA-Proposed Rule Change to Amend FINRA Rules 2210 and 2214 (Fed. Reg.) (March 31, 2014); FINRA-Proposed Rule to Amend FINRA Rules 2210 and 2214 (March 11, 2014).To stay up to date with FINRA and other SRO rule changes, please see the Cabinet's Rule Calendars

The Office of Financial Research ("OFR") issued a working paper titled, "Shadow Banking: The Money View," which presents an accounting framework for measuring the sources and uses of short-term funding in the global financial ecosystem. The paper is accompanied by a map that tracks short-term funding flows from their ultimate sources to their ultimate uses, and across the hierarchy of short-term instruments issued by the sovereign, banks and shadow banks globally. See: OFR Working Paper: Shadow Banking: The Money View.