SEC Approves Amendments to FINRA Rule 9217

The SEC issued an order approving FINRA's proposed rule change to amend FINRA Rule 9217 ("Violations Appropriate for Disposition Under Plan Pursuant to Exchange Act Rule 19d-1(c)(2)").The proposed rule change was filed with the SEC in July 2013, and amends FINRA Rule 9217 to include additional rule violations eligible for disposition under FINRA's Minor Rule Violation Plan ("MRVP"). In the proposal, FINRA stated that it believes the purpose of the MRVP is to provide reasonable but meaningful sanctions for minor or technical violations of rules when the conduct at issue does not warrant stronger, reportable disciplinary actions.

See: SEC Order of Approval. See also: FINRA Files Proposed Change to Rule 9217 (July 24, 2013); FINRA Files Additional Amendments to Proposed Rule Change for Rule 9217 (August 8, 2013).