Proposed FINRA Rule 8313 Changes May Increase Transparency
Last week, the Securities and Exchange Commission (SEC) received a proposed amendment to Rule 8313 from the Financial Industry Regulatory Authority (FINRA). Rule 8313 governs the release of disciplinary and other information by FINRA to the public. The proposed amendment to Rule 8313 would establish general standards for the release of disciplinary information to the public to provide greater information regarding FINRA’s disciplinary actions, clarify the scope of information subject to Rule 8313 and eliminate provisions that do not address the release of information to the public. The proposed rule would eliminate the publicity thresholds and adopt general standards...
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