FINRA Revises Markup/Commission Rule ProposalDownload
The Financial Industry Regulatory Authority, Inc. recently issued a revised proposal to consolidate its rules governing markups, markdowns, commissions and fees. FINRA originally published a rule proposal in March 2011 that would consolidate and materially revise several NASD and NYSE rules. In response to comments received, FINRA is now proposing several changes to the revised proposal. This Client Alert focuses on differences from the original proposal.