Regulatory Notice 14-35

FINRA Requests Comment on a Revised Proposal to Adopt Consolidated FINRA Rule 2231 (Customer Account Statements)

Comment Period Expires: October 31, 2014

Executive Summary

FINRA seeks comment on a revised proposal to transfer, largely unchanged, current NASD Rule 2340 (Customer Account Statements) and Incorporated NYSE Rule 409 (Statements of Accounts of Customers) into the consolidated FINRA rulebook as FINRA Rule 2231 (Customer Account Statements). The revised proposal includes changes made in response to comments on the prior proposal that was subsequently withdrawn. The key changes in the revised proposal from the prior proposal are to (1) maintain the quarterly delivery requirement in the current rule; and (2) allow customers to direct the transmission of customer account statements and other documents to third parties, provided the firm sends duplicates of such account statements and other documents directly to the customer.

The proposed rule is available as Attachment A at

Questions regarding this Notice should be directed to:

  • Kris Dailey, Vice President, Risk Oversight & Operational Regulation (ROOR), at (646) 315-8434; or
  • Kosha Dalal, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-6903.

Related Documents: 

DateTitleFormat - Size
9/16/2014Attachment APDF - 47.81 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
9/17/2014Wulff, Hansen & Co.PDF - 153.86 KB
10/3/2014Marylyn M. FeaverPDF - 11.33 KB
10/30/2014Wells Fargo Advisors, LLCPDF - 109.27 KB
10/30/2014First Asset Financial Inc.PDF - 1.91 MB
10/31/2014Auerbach GraysonPDF - 85.82 KB
10/31/2014Malecki LawPDF - 1.28 MB
10/31/2014NASAA PDF - 266.17 KB
10/31/2014Georgia State University College of Law PDF - 153.74 KB
10/31/2014Pace Law SchoolPDF - 127.21 KB
10/31/2014The Center for Copyrights IntegrityPDF - 94.87 KB
10/31/2014NAELA PDF - 134.4 KB
10/31/2014Financial Services InstitutePDF - 116.89 KB
11/14/2014SIFMAPDF - 152.71 KB
11/19/2014Edward D. Jones & Co., L.P.PDF - 139.08 KB