FINRA-Proposed Rule Regarding Disclosure and Reporting Obligations Related to Recruitment Practices (Fed. Reg.) (with Lofchie Comment)

FINRA published a proposed rule change to adopt FINRA Rule 2243 in the Federal Register. The proposed rule change would establish disclosure and reporting obligations related to member recruitment practices when a representative changes firms and attempts to recruit certain customers from the representative's prior firm.

Comments on the proposed rule change must be received by April 18, 2014.

Lofchie Comment: This is one FINRA-proposed rule change on which firms should comment.

See: 79 FR 17592.Related news: FINRA Proposes to Adopt Rule Regarding Member Recruitment Practices Disclosure (March 10, 2014).