BDs Remember to File Marketing Material
FINRA has indicated that retail communications that will now be subject to this filing requirement has to be filed by February 19, 2013. FINRA suggested that retail communications relating closed-end funds and structured products must be filed. FINRA wants, among other things, filed certain presentation scripts and correspondence. However, mutual fund manager communications relating to past performance do not have to be filed.
Bottom line, compliance officials have more to worry about than ever.