Regulatory Notice 09-55

FINRA Requests Comments on Proposed New Rules Governing Communications with the Public; Comment Period Expired: November 20, 2009

Executive Summary

FINRA requests comments on proposed new FINRA rules governing communications with the public. These new rules would replace current NASD Rules 2210 and 2211, the Interpretive Materials that follow NASD Rule 2210, and portions of Incorporated NYSE Rule 472.While the proposed rules are based upon these rules' current provisions, the new FINRA rules would employ new communications categories and require the filing of certain types of communications that currently are not required to be filed. The proposal also would make a number of other changes to the communications rules.


The text of the proposed rules is available on our Web site at


Questions concerning this Notice should be directed to:


  • Joseph P. Savage, Vice President and Counsel, Investment Companies Regulation, at (240) 386-4534; or
  • Thomas A. Pappas, Vice President and Director, Advertising Regulation, at (240) 386-4553.
View Full Notice PDF 125 KB

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments.

Comments By Date Received
Public Investors Arbitration Bar Association (PDF 683 KB) 11/16/2009
National Planning Holding, Inc. (PDF 51 KB) 11/18/2009
Cornell Law School (PDF 2,066 KB) 11/18/2009
TD Ameritrade (PDF 309 KB) 11/19/2009
Investment Company Institute (PDF 118 KB) 11/19/2009
The Leaders Group Inc./TLG Advisors, Inc. (PDF 39 KB) 11/19/2009
Cutter & Company, Inc. (PDF 43 KB) 11/20/2009
StockCross Financial Services (PDF 447 KB) 11/20/2009
Financial Services Institute (PDF 112 KB) 11/20/2009
American Funds (PDF 102 KB) 11/20/2009
MBSC Securities Corporation (PDF 102 KB) 11/20/2009
Pacific Select Distributors (PDF 90 KB) 11/20/2009
Fidelity Investments (PDF 129 KB) 11/20/2009
Wells Fargo Advisors (PDF 125 KB) 11/20/2009
T. Rowe Price Investment Services, Inc. (PDF 2,870 KB) 11/20/2009
World Group Securities, Inc. (PDF 110 KB) 11/20/2009
Sutherland Asbill & Brennan LLP (PDF 85 KB) 11/20/2009
Morgan Stanley Smith Barney (PDF 219 KB) 11/20/2009
The Vanguard Group, Inc. (PDF 228 KB) 11/23/2009
Forefield, Inc. (PDF 193 KB) 11/23/2009
Invesco Aim Distributors, Inc. (PDF 128 KB) 11/23/2009
WilmerHale (PDF 944 KB) 11/23/2009
SIFMA (PDF 78 KB) 12/1/2009