Regulatory Notice 12-09

FINRA Requests Comment on a Proposal to Identify and Manage Conflicts Involving the Preparation and Distribution of Debt Research Reports

Comment Period Expired: April 2, 2012

FINRA seeks comment on a revised debt research conflicts of interest proposal that reflects changes based on comments to a concept proposal discussed in Regulatory Notice 11-11. The revised proposal maintains a tiered approach based on whether debt research is distributed to retail or institutional investors. Debt research distributed to retail investors would carry most of the same protections provided to recipients of equity research, while institutional investors could opt in to a framework that exempts such research from many of those provisions.

The text of the proposed rule can be found at www.finra.org/notice/12-09.

Questions concerning this Notice should be directed to:

  • Philip Shaikun, Associate Vice President, Office of General Counsel (OGC), at (202) 728-8451; and
  • Racquel Russell, Assistant General Counsel, OGC, at (202) 728-8363.

Related Documents: 

DateTitleFormat - Size
6/30/2015Attachment to Regulatory Notice 12-09PDF - 46.94 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: 
DateCommenterFormat - Size
4/2/2012Bond Dealers of AmericaPDF - 319.21 KB
4/2/2012Aidikoff, Uhl & BakhtiariPDF - 325.11 KB
4/2/2012SIFMAPDF - 178.5 KB
4/2/2012Alliance in Support of Independent ResearchPDF - 236.63 KB
4/6/2012Romano Brothers & Co.PDF - 189.84 KB
4/5/2012Wulff, Hansen & Co.PDF - 321.41 KB
4/10/2012Bingham McCutchen LLPPDF - 370.6 KB