Regulatory Notice 12-17

SEC Approves Consolidated Telemarketing Rule

Effective Date: June 29, 2012

Executive Summary

The SEC approved FINRA’s proposed rule change to adopt NASD Rule 2212 (Telemarketing) as FINRA Rule 3230 (Telemarketing) in the consolidated rulebook (Consolidated FINRA Rulebook), taking into account certain requirements under NYSE Rule 440A (Telephone Solicitation) and its Interpretation. Further, the new rule adopts provisions that are substantially similar to Federal Trade Commission (FTC) rules that prohibit deceptive and other abusive telemarketing acts or practices. FINRA Rule 3230 becomes effective on June 29, 2012.

 

The text of FINRA Rule 3230 can be found at www.finra.org/notices/12-17.

 

Questions concerning this Notice should be directed to:

  • Gary L. Goldsholle, Vice President and Associate General Counsel,  Office of General Counsel (OGC), at (202) 728-8104; or
  • Matthew E. Vitek, Assistant General Counsel, OGC, at (202) 728-8156.