The Financial Industry Regulatory Authority has withdrawn its proposal requiring brokers to tell their clients about signing bonuses and other compensation they receive for moving to a new firm, Reuters reports.
The industry self-regulator asked the Securities and Exchange Commission on Friday to withdraw consideration of Rule 2243, saying that it needs reworking. FINRA intends to file a new version later this year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
