Regulatory Notice 09-66

SEC Approves Changes to FINRA's BrokerCheck Disclosure Rule to Retain and Make Publicly Available Information About Final Regulatory Actions Against Former Brokers; Effective Date: November 30, 2009

Executive Summary

Beginning November 30, 2009, information concerning final regulatory actions against brokers—as well as certain administrative information (e.g., employment and registration history) and information about qualification examinations, if available, and the broker's most recently submitted comment, if any—will be permanently available in BrokerCheck,® regardless of when they were employed in the securities industry.

 

The text of the amendments to FINRA Rule 8312 (FINRA BrokerCheck Disclosure) is set forth in Attachment A.

 

Questions concerning this Notice should be directed to:

 

  • Richard E. Pullano, Associate Vice President and Chief Counsel, Registration and Disclosure, at (240) 386-4821; or
  • Stan Macel, Assistant General Counsel, Office of General Counsel, at (202) 728-8056.

 

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