SIFMA Submits Supplemental Comments on FINRA Rule 8313

SIFMA has submitted supplemental comments to the SEC regarding recently approved amendments to FINRA Rule 8313 (the "Proposal"), which governs the disclosure of disciplinary and other information by FINRA to the public. The Proposal includes disclosures about Expedited Proceeding under FINRA Rule 9554, as to which SIFMA had previously submitted comments. The SEC approved the FINRA rule on June 21, 2013, acknowledging that, "FINRA did not address concerns raised by the SIFMA Letter that were outside the scope of the proposed rule." SIFMA is now requesting that the SEC address the disclosure, transparency, and investor protection concerns raised in their previous letter regarding Rule 9554 and consider its implications in Rule 8313.

See: SIFMA letter to SEC. See also: SIFMA Responds to FINRA Proposed Rule Change - Rule 8313 (the "Proposal") (April 15, 2013); Text of FINRA Amendments to Rule 8313; SEC Order of Approval for Amendments to FINRA Rule 8313.