The Financial Industry Regulatory Authority called for public comment on its proposed new FINRA Rule 2210. This new rule would replace current National Association of Securities Dealers Rules 2210 and 2211, the Interpretive Materials that follow NASD Rule 2210, and portions of Incorporated NYSE Rule 472. The proposal, among other things, eliminates the current definitions of “advertisement,” “sales literature,” “institutional sales material,” “public appearance” and “independently prepared reprint” found in NASD Rule 2210. New FINRA Rule 2210 would include only three categories of communications in their place, namely, “institutional communications,” “retail communications” and “correspondence.” The proposed new Rule would also result in certain changes to the existing review, approval, recordkeeping and filing requirements found in the current rules. The comment period for the proposal expires on November 20.

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