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Securities Compliance Sentinel Analysis of cutting-edge securities industry issues

BDs Remember to File Marketing Material

Posted in Broker-Dealer Regulation, Closed-End Mutual Funds, FINRA Compliance, Investment Adviser Regulation, Investment Company Regulation, Open-Ended Mutual Funds
FINRA has published guidance on its new marketing Rule 2210.  See http://www.finra.org/Industry/Issues/Advertising/P197604


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.