Regulatory Notice 09-22

FINRA Requests Comment on Proposed Consolidated FINRA Rule Governing Personal Securities Transactions for or by Associated Persons

Comment Period Expired: June 5, 2009

As part of the process to develop a new consolidated rulebook (the Consolidated FINRA Rulebook), FINRA is requesting comment on proposed new FINRA Rule 3210 (Personal Securities Transactions for or by Associated Persons). The proposed rule, which combines and streamlines certain provisions of NASD Rule 3050 and Incorporated NYSE Rule 407 in addition to adopting additional requirements, would promote more effective oversight of the personal trading activities of associated persons of member firms.

This Notice also requests comment on how firms currently obtain information pursuant to NASD Rule 3050 or NYSE Rule 407, as applicable, and the processes and controls currently implemented upon receipt of such information.

The text of the proposed rule is set forth in Attachment A.

Questions regarding this Notice should be directed to Adam H. Arkel, Assistant General Counsel, Office of General Counsel, at (202) 728-6961.

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
4/23/2009Sykes Financial Services LLCPDF - 14.18 KB
4/23/2009Markus WitthautPDF - 13.48 KB
4/27/2009IBSIPDF - 23.99 KB
4/30/2009NPB Financial Group, LLCPDF - 43.56 KB
5/6/2009Michele R. HuneycuttPDF - 47.8 KB
5/27/2009Channel Capital Group LLCPDF - 58.93 KB
5/27/2009Pagemill PartnersPDF - 43.58 KB
5/29/2009National Planning Holdings, Inc.PDF - 39.69 KB
5/28/2009Bob HillardPDF - 14.44 KB
5/28/2009J.A. Glynn & Co.PDF - 25.85 KB
5/28/2009Karen Z. FischerPDF - 14.51 KB
5/29/2009QuasarPDF - 49.31 KB
6/3/2009MWA Financial Services, Inc.PDF - 32.93 KB
6/4/2009State Farm VP Management Corp.PDF - 127.62 KB
6/4/2009Investment Company InstitutePDF - 91.33 KB
6/4/2009People's SecuritiesPDF - 19.93 KB
6/4/2009H & L Equities, LLCPDF - 12.2 KB
6/4/2009Wells Fargo Advisors, LLCPDF - 56.54 KB
6/5/2009NAIBDPDF - 57.87 KB
6/5/2009GWFS Equities, Inc.PDF - 26.85 KB
6/5/2009SunTrust Investment Services, Inc.PDF - 129.16 KB
6/5/2009Financial Services InstitutePDF - 76.64 KB
6/5/2009PFS Investments Inc.PDF - 91.87 KB
6/5/2009UBS Securities LLCPDF - 51.53 KB
6/5/2009Northwestern Mutual Investment Services, LLCPDF - 678.83 KB
6/5/2009Taurus Compliance Consulting, LLCPDF - 2.14 MB
6/5/2009ACLIPDF - 76.49 KB
6/5/2009Sutherland Asbill & Brennan LLPPDF - 315.8 KB
6/5/2009Pacific Select Distributors, Inc.PDF - 72.38 KB
6/5/2009Charles Schwab & Co., Inc.PDF - 574.86 KB
6/8/2009NSCPPDF - 96.05 KB
6/8/2009SIFMAPDF - 70.06 KB
6/5/2009Farmers Financial Solutions, LLCPDF - 16.32 KB