On August 13th, the Financial Industry Regulatory Authority proposed FINRA Rule 2090 (Know Your Customer) and FINRA Rule 2111 (Suitability), to be part of the Consolidated FINRA Rulebook. The proposed rules are based in large part on Incorporated NYSE Rule 405(1) (Diligence as to Accounts) and NASD Rule 2310 (Recommendations to Customers (Suitability)) and their related interpretative materials, which would be deleted. Comments should be submitted on or before September 9, 2010. SEC Release No. 34-62718.