SEC Approves FINRA Rule Changes

SEC Approves FINRA Rule Changes.

Important info that could effect your client:

The SEC recently issued a release that approves rule revisions submitted last year by FINRA. This will require action from your firm to update its compliance policies and procedures, especially around social media, so we wanted to be sure to bring it to your attention.

The SEC’s release validates the proposed rule changes that we talked about at the beginning of 2012 in two posts:

Before the end of June, FINRA should announce the specific date for implementing the new rules. It has already indicated that the implementation date come before the end of March, 2013 — so your firm must be ready to take action.