SIFMA Supports FINRA's Proposed Amendments to Rules Governing Communications with the Public

In a recent response to a request for comments by FINRA, SIFMA expressed its "strong support" for the regulatory authority's "Proposal to Amend Rules Governing Communications with the Public." In its response, SIFMA suggested that FINRA (i) continue to review its rulebook and interpretations, (ii) solicit firm-member feedback on the function, operation and purpose of FINRA's rules and interpretations and (iii) make additional amendments to Regulatory Notice 15-16 ("Communications with the Public") to lower the costs for compliance with the rules. SIFMA also commended FINRA for "undertaking [a] retrospective rule review" and encouraged the agency to undertake similar reviews in the future.

See: SIFMA's Response to "Rules Governing Communications with the Public."