Approval of FINRA Rule 4360 (Fidelity Bonds)

SEC Release 34-63961 (SR-FINRA-2010-059)

February 24, 2011

The SEC granted approval to a FINRA proposal to adopt NASD Rule 3020 (Fidelity Bonds) - subject to certain amendments and taking into account NYSE Rule 319 - as FINRA Rule 4360. The rules generally require member firms to maintain minimum amounts of fidelity bond coverage for officers and employees and that the coverage addresses loss incurred due to certain specified events.

Cross References

SEC Release 34-63331 (proposal)

FINRA Rule 4360

NASD Rule 3020

NYSE Rule 319