FINRA Proposed Rule Change to Amend FINRA Rule 8312 (BrokerCheck Disclosure) and Schedule A to the FINRA By-Laws

FINRA is filing with the SEC a proposed rule change to amend paragraph (c) of FINRA Rule 8312 (BrokerCheck Disclosure) to permanently make publicly available in BrokerCheck information about former associated persons of a member firm who were the subject of an investment-related civil action brought by a state or foreign financial regulatory authority that has been dismissed pursuant to a settlement agreement. (Essentially, the intent of the rule change is to make negative information always available.)The proposed rule change also would amend FINRA Rule 8312(f) to allow for the provision of BrokerCheck information pertaining to current and former members and associated persons through data downloads. In addition, the proposed rule change would amend Schedule A to the FINRA By-Laws ("Schedule A") to establish a fee for data downloads from BrokerCheck for commercial users.

See Proposed Rule Change.