FINRA Rules Governing Communications with Public

The Compliance and Regulatory Policy Committee of SIFMA provides comments to the Securities and Exchange Commission (SEC) on the recent amendment to proposed consolidated Financial Industry Regulatory Authority (FINRA) rules governing communications with the public, SR-FINRA-2011-35.  SIFMA supports FINRA’s continued efforts to establish a consolidated rulebook, to eliminate duplicative rules and interpretations and to enhance and modernize self-regulation.  While a substantial amount of progress has been made, SIFMA remains concerned about certain key provisions in proposed FINRA Rule 2210 and the supplementary material. SIFMA remains particularly concerned about the proposed treatment of online postings.