Effective January 1, 2014, FINRA has amended FINRA Rule 2251, Forwarding of Proxy and Other Issuer-related Materials. The changes apply to the rates of reimbursement for processing and forwarding proxy and other issuer-related materials. The changes also establish a “success fee” that will go to developing Internet platforms for proxy voting. These changes bring the FINRA rule in line with recent changes to the corresponding NYSE rule.
Source: FINRA Regulatory Notice 14-03
This alert applies to the Series 6, Series 7, and Series 24.