FINRA supervision rules approved. The SEC has approved the Financial Industry Regulatory Authority’s new consolidated rules governing supervision. The new rules become effective on December 1, 2014. FINRA Regulatory Notice 14-10.
FINRA proposes rule changes. FINRA has proposed a change to amend Rule 2210, to exclude research reports concerning only securities listed on a national securities exchange and Rule 2214, to correct a rule cross-reference. (3/25/2014) SEC Release 34-71792.
FINRA proposes recruitment practices rule. The SEC has published the proposed rule change to adopt FINRA Rule 2243 regarding FINRA members’ recruitment practices of registered persons (“representatives”). The proposed rule would make more transparent the recruitment package received by the representative from the new firm. (3/24/2014) SEC Release 34-71786.
SEC approves NYSE proposal. The SEC granted approval of NYSE Arca’s proposal to list and trade shares of the SPDR SSgA Risk Aware ETF; SPDR SSgA Large Cap Risk Aware ETF; and SPDR SSgA Small Cap Risk Aware ETF under NYSE Arca Equities Rule 8.600. (3/21/2014) SEC Release 34-71767.