The Financial Industry Regulatory Authority issued a Regulatory Notice requesting comments on its newly re-proposed FINRA Rule 2030 addressing the origination and circulation of rumors. FINRA received substantial public comment when it first proposed Rule 2030 in November 2008. The new formulation more closely resembles the existing New York Stock Exchange rule dealing with rumors. The Regulatory Notice summarizes the changes to the text of the proposed rule, including amendments to the language of the general prohibition, a more focused reporting requirement and new supplementary material that includes a definition of the term “rumor” and three limited exceptions to the prohibition for certain permissible communications.  

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