Regulatory Notice 08-68

FINRA Requests Comment on Proposed FINRA Rule Addressing the Circulation of Rumors; Comment Period Expired: December 18, 2008

Executive Summary

As part of the process of developing a new, consolidated rulebook (the Consolidated FINRA Rulebook), FINRA is requesting comment on a proposed FINRA Rule relating to the circulation of rumors. The proposed rule is based on FINRA Rule 6140 and Incorporated NYSE Rule 435(5).1


Questions concerning this Notice should be directed to Brant Brown, Associate General Counsel, Office of General Counsel, at (202) 728-6927.


1 The current FINRA rulebook includes, (1) NASD Rules; and (2) rules incorporated from NYSE (Incorporated NYSE Rules). While the NASD Rules generally apply to all FINRA members, the Incorporated NYSE Rules apply only to those members of FINRA that are also members of the NYSE (Dual Members). The new FINRA Rules will apply to all member firms, unless such rules have a more limited application by their terms. For more information about the rulebook consolidation process, see FINRA Information Notice 03/12/08 (Rulebook Consolidation Process).

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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.

Comments By Date Received
Michel Capital, LLC (PDF 14 KB) 11/19/2008
Depfa First Albany Securities, LLC (PDF 12 KB) 11/20/2008
Alexandra Lawrence (PDF 12 KB) 11/24/2008
Sandy Pappalardo (PDF 12 KB) 12/4/2008
Daniel W. Roberts (PDF 15 KB) 12/4/2008 (PDF 30 KB) 12/14/2008
NPB Financial Group, LLC (PDF 46 KB) 12/16/2008
National Planning Holdings, Inc. (PDF 42 KB) 12/16/2008
NSCP (PDF 30 KB) 12/16/2008
Sutherland Asbill & Brennan (PDF 122 KB) 12/18/2008
Schottenfeld Group LLC (PDF 2,627 KB) 12/18/2008
Managed Funds Association (PDF 101 KB) 12/18/2008
SIFMA (PDF 67 KB) 12/18/2008
Investment Company Institute (PDF 747 KB) 12/18/2008
Financial Services Institute (PDF 65 KB) 12/18/2008
Scottrade, Inc. (PDF 26 KB) 12/18/2008
Fairfax Financial Holdings Limited (PDF 646 KB) 12/22/2008