Regulatory Notice 09-11

SEC Approval and Effective Date for New Consolidated FINRA Rule on Trading Ahead of Research Reports; Effective Date: April 20, 2009

Executive Summary

Following the consolidation of NASD and the member regulation, enforcement and arbitration functions of NYSE Regulation into FINRA, FINRA established a process to develop a new consolidated rulebook (Consolidated FINRA Rulebook), which FINRA has discussed in previous Information Notices. FINRA is proposing new consolidated rules in phases for SEC approval as part of the Consolidated FINRA Rulebook. In January 2009, the SEC approved a new consolidated FINRA Rule relating to trading ahead of research reports, which will take effect on April 20, 2009.

 

Questions regarding this Notice should be directed to:

 

  • Philip Shaikun, Associate Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728- 8451; or
  • Matthew E. Vitek, Counsel, OGC, at (202) 728-8156.