Proposed FINRA Rule Changes Delayed

http://ow.ly/7y01Y

An article by Chad Bockius on the socialware blog website.

This blog post discusses the recent proposed amendments to FINRA rules (rule 2210) pertaining to social media evidence, and also mentions that the proposed changes have not received final approval from the SEC as of yet.

The blog post points out that the SEC has asked for written comments from the public regarding 6 items, listed below:

1. The scope of the definition of “institutional investor” for purposes of [Rule 2210]
2. The “reason to believe” standard under Proposed Rule 2210(a)(4)(F)
3. The requirements applicable to internal communications, public appearances and postings in online interactive forums
4. The requirements applicable to communications prepared by research department personnel
5. The scope of the category of associated persons who financial interests would have to be disclosed in a retail communication that includes a recommendation of securities
6. The scope of the proposed exclusion from the content standards as set forth in proposed paragraph 2210(d)(8)

The written comment period is to run through December 7th.  The blog post provides a link to the SEC press release which provides information regarding their request for public comment.