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FINRA Proposes New Rule Regarding Charges for Services Performed

FINRA filed with the SEC a proposal to incorporate NASD Rule 2430 ("Charges for Services Performed") into new FINRA Rule 2212.

The proposed rule changes provides that charges, if any, for services performed, including miscellaneous services such as collection of monies due for principal, dividends, or interest, exchange or transfer of securities and other services shall be reasonable and not unfairly discriminatory among customers.

See: Text of Proposed Rule Change; FINRA Rule Filing.

Tags

Regulated Activities
Fees to Customers
Sub-Activity
Service Fees
Regulated Entities
Broker-Dealers
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA