SEC Approves Proposed Research Analysts Rules
On July 16, 2015, the Securities and Exchange Commission approved two Financial Industry Regulatory Authority (“FINRA”) rules relating to research analysts and research reports. The first rule change amends and consolidates into new FINRA Rule 2241 existing NASD Rule 2711 and NYSE Rule 472 with regard to equity research activities. The second results in new FINRA Rule 2242, which for the first time will regulate debt research analysts and debt research reports. FINRA has not yet announced when these rules will become effective.