Letters

Rules on Outside Business Activities and Private Securities Transactions

Summary

SIFMA provided comments to FINRA on Regulatory Notice 17-20, which addresses the effectiveness and efficiency of FINRA’s rules on outside business activities and private securities transactions. SIFMA supports FINRA’s effort to retrospectively review the effectiveness and efficiency of FINRA Rules 3270 and 3280. SIFMA believes that this process should balance the need to identify outdated and inefficient rules with concerns about investor protection. SIFMA appreciates FINRA’s efforts to incorporate comments, including input provided by some of our member firms, regarding how the rules can best meet their investor-protection objectives through reasonably efficient means.

See also:
FINRA Requests Comment on the Effectiveness and Efficiency of Its Rules on Outside Business Activities and Private Securities Transactions

PDF

Submitted To

FINRA

Submitted By

SIFMA

Committee

Compliance and Regulatory Policy Committee

Date

29

June

2017