COMMUNICATIONS

General

(New) FINRA Provides Guidance On Customer Communications Related To Departing Registered Representatives

FINRA has consistently sought to ensure that customers can make a timely and informed choice about where to maintain their assets when their registered representative (i.e., a person registered with the member who has direct contact with customers in the conduct of the member’s securities sales) leaves a member firm. Accordingly, FINRA expects that: 1) in the event of a registered representative’s departure, the member firm should promptly and clearly communicate to affected customers how their accounts will continue to be serviced; and 2) the firm should provide customers with timely and complete answers, if known, when the customer asks questions about a departing registered representative.

FINRA Regulatory Notice 19-10 (April 5, 2019): FINRA Provides Guidance on Customer Communications Related to Departing Registered Representatives

 

Social Media and Digital Communications 

FINRA issued guidance regarding the application of FINRA rules governing communications with the public to digital communications, in light of emerging technologies and communications innovations.

FINRA Regulatory Notice 17-18 (April 2017):  Guidance on Social Networking Websites and Business Communications

 

Communications With the Public

The SEC approved amendments to FINRA rules governing communications with the public to revise the filing requirements in FINRA Rule 2210 (Communications with the Public) and 2214 (Requirements for the Use of Investment Analysis Tools) and the content and disclosure requirements in Rule 2213 (Requirements for the Use of Bond Mutual Fund Volatility Ratings). The amendments became effective on January 9, 2017.

• FINRA Regulatory Notice 16-41 (October 2016): SEC Approves Amendments to Rules Governing Communications With the Public

FINRA Rule 2210 Interpretive Guidance Questions and Answers