Proposed Rule Change to Adopt FINRA Rule 4160 (Verification of Assets Held at a Financial Institution)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt FINRA Rule 4160 that provides that a member may not continue to custody or retain record ownership of assets, at a non-member financial institution, which, upon FINRA staff’s request, fails promptly to provide FINRA with written verification of assets maintained by the member at such financial institution.

This rule filing was withdrawn and replaced with SR-FINRA-2010-042.

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Withdrawal of Proposed Rule ChangePDF - 30.81 KB