Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

Financial Industry Regulatory Authority, Inc., or FINRA, has filed  a proposed rule change with the SEC to amend FINRA Rule 2267 (Investor Education and Protection) to require that FINRA members include a prominent description of and link to FINRA BrokerCheck on:

  • their websites, social media pages and any comparable Internet presence, and
  • 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.

FINRA established BrokerCheck in 1988 (then known as the Public Disclosure Program) to provide the public with information on the professional background, business practices, and conduct of FINRA-member firms and their associated persons.

The proposed rule results in part from an SEC study in furtherance of Section 919B of the Dodd-Frank Act.

Check frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.