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FINRA, the broker-dealer self-regulatory organization, is seeking comments on the effectiveness of a rule that restricts brokerage personnel from accepting payments for market making.
The Financial Industry Regulatory Authority Nov. 28 asked its members to weigh in on whether the rule, originally set out in 1975, has addressed the problems it was intended to mitigate, and whether the need for rule has been affected by later changes to the markets or other considerations.
“Are there alternative ways to achieve the goals of the rule that FINRA should consider?” it said in Regulatory Notice 17-41.
The request for comments is part of FINRA’s ongoing retrospective rule review to ensure that its regulations are meeting their intended objectives. Comments are due by Jan. 29.
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