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FINRA delays implementation of new suitability rules until July 2012

  • Sutherland Asbill & Brennan LLP
  • -
  • USA
  • -
  • April 11 2011

On April 7, 2011, FINRA filed a proposed rule change to delay implementation of its new suitability rule (Rule 2090, replacing NASD Rule 2310) and new "Know Your Customer" rule (Rule 2111, replacing NYSE Rule 405