Exam Alert: FINRA modifies rules to protect certain documents from discovery

The SEC has approved a change to FINRA Rule 9251, effective December 2, 2011. This change to the rule explicitly protects from discovery documents that federal law prohibits FINRA from disclosing. Continue reading

The SEC has approved a change to FINRA Rule 9251, effective December 2, 2011.  This change to the rule explicitly protects from discovery documents that federal law prohibits FINRA from disclosing.  Previously, FINRA’s Enforcement and Market Regulation Departments needed to seek a “good cause” determination to withhold the documents – this is no longer the case.

Source: FINRA Regulatory Notice 11-50

This alert applies to the Series 24, the Series 62, and the Series 82.

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