Buzz Archive:
FINRA Proposes Sweeping New Disclosures for Mutual Funds and Broker-Dealers

by W. Hardy Callcott, Nancy M. Persechino, Roger P. Joseph & Neal E. Sullivan of Bingham McCutchen LLP., 10/13/2009

In June 2009, FINRA issued Notice 09-34, which proposes significant changes to the long-standing NASD rule governing the disclosure of relationships between mutual funds or other investment companies and broker-dealers. The proposed rule would replace current NASD Rule 2830 with a new proposed FINRA Rule 2341.

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