Securities Exchange Commission (SEC) Approves Amendments to Financial Industry Regulatory Authority (FINRA) Rule Regarding Release of Disciplinary Complaints, Decisions and Other Information
Monday, August 26, 2013

The Corporate and Financial Weekly Digest edition of March 29, 2013 summarized the Financial Industry Regulatory Authority’s proposed rule change to amend Rule 8313, which governs the release of disciplinary and other information by FINRA to the public. Among other things, the amendments establish general standards for the release of disciplinary information to the public to provide greater information regarding FINRA’s disciplinary actions, clarify the scope of information subject to Rule 8313 and eliminate provisions that do not address the release of information to the public. The Securities and Exchange Commission has approved the rule amendments, which will become effective on December 16, 2013, and will apply prospectively. 

The regulatory notice is available here.

 

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