SR-FINRA-2007-011

Proposed Rule Change to Amend NASD Rule 2711 and NYSE Rule 472

Financial Industry Regulatory Authority, Inc. ("FINRA") (f/k/a National Association of Securities Dealers, Inc. or ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend NASD Rule 2711 (Research Analysts and Research Reports) and NYSE Rule 472 (Communications With The Public) regarding a member's disclosure and supervisory review obligations when it distributes or makes available third-party research reports.