FINRA Announces Changes to Expand the Categories of Civil Judicial Disclosures Permanently Included in BrokerCheck: FINRA Regulatory Notice 14-08

FINRA released a regulatory notice outlining two rule changes, which the SEC approved, relating to FINRA Rule 8312 ("FINRA BrokerCheck Disclosure").

The SEC approved amendments to permanently and publicly make available BrokerCheck information about former associated persons of a FINRA member firm who were registered on or after August 16, 1999, and who have been the subject of an investment-related civil action brought by a state or foreign financial regulatory authority that was dismissed pursuant to a settlement agreement. Additionally, the SEC approved amendments to include BrokerCheck information about member firms and their associated persons of any U.S. securities exchange that uses the Central Registration Depository ("CRD") for registration purposes. Both rule changes will become effective on June 23, 2014.

See: Regulatory Notice 14-08.Related news: Amendment of FINRA Rule 8312 to Expand Categories of Civil Judicial Disclosures Permanently Included in BrokerCheck (Fed. Reg.) (January 6, 2014); SEC Approves Amendments to FINRA Rule Regarding BrokerCheck Disclosure (December 30, 201) SEC Solicits Comments on Two Proposed Amendments to FINRA Rule 8312 (November 15, 2013) FINRA Proposes Rule Change to Amend Rule 8312 (November 4, 2013).