Regulatory Notice 20-03

Summary

In November 2017, FINRA launched a retrospective review of Rule 5250 (Payments for Market Making), which generally prohibits members from receiving payments for market making, to assess its effectiveness and efficiency.1 The review is part of an ongoing initiative to periodically look back at a rule or set of rules to ensure they remain relevant and are appropriately designed to achieve their regulatory objectives, particularly in light of industry, market and technology changes. 

2015047966801 Prudential Investment Management Serivces LLC CRD 18353 AWC sl (2020-1581639568116).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015047966801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Prudential Investment Management Services LLC, Respondent Member Firm CRD No. 18353 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Prudential Investment Management Services LLC (“PIMS,” the “Firm,” or “Respondent”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations described below.
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