Prominent Placement of FINRA BrokerCheck

SIFMA provides comments to the Financial Industry Regulatory Authority (FINRA) on a proposed change to FINRA Rule 2267, that would require FINRA member firms to “include a prominent description of and link to FINRA BrokerCheck, as prescribed by FINRA,” on firm “websites, social media pages and any comparable Internet presence[.]” The proposed amendment would require the same descriptions and links to be included on websites, social media pages and any comparable Internet presence “relating to a member’s investment banking or securities business maintained by or on behalf of any person associated with a member.”

SIFMA believes the proposal, filed without prior notice or opportunity to comment directly to FINRA, should not be approved by the SEC in its present form.