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Guidance on FINRA’s Suitability Rule
FINRA is issuing this Information Notice to inform members of the existence and role of the Cross-Market Regulation Working Group (CMRWG), which was established under the U.S. Subgroup of the Intermarket Surveillance Group (ISG), to focus on ways to reduce unnecessary regulatory duplication.
Please see the attached ISG CMRWG Regulatory Memorandum 2020-01 (“Notice”) that was issued by
FINRA Small Firm Advisory Board Election
Effective March 26, 2008, principal approval is no longer required for certain previously filed sales material.
The purpose of this Notice is to inform FINRA Small Firm members1 of the upcoming Small Firm Advisory Board (SFAB) election. The SFAB provides guidance to FINRA staff, particularly regarding the potential impact of proposed regulatory initiatives on FINRA's Small Firm members, and meets in Washington, DC, prior to each FINRA Board of Governors meeting. SFAB members are expected to
SUGGESTED ROUTING
Senior ManagementAdvertisingLegal & ComplianceMutual FundTraining
Executive Summary
On March 17, 1994, the Securities and Exchange Commission (SEC) approved amendments to the NASD Rules of Fair Practice to: (1) require filings of investment company advertisements and sales literature that incorporate mutual fund rankings to include a copy of the ranking or
