FINRA Proposes to Adopt Commissions and Mark-ups Rule (Fed. Reg.)

A FINRA proposal to adopt FINRA Rule 2121 ("Fair Prices and Commissions") and Supplementary Material .01 and .02 (relating to mark-ups) was published in the Federal Register.

The proposal would adopt current NASD Rule 2440 and Interpretive Material ("IM") 2440-1 and IM-2440-2 as FINRA Rule 2121 and Supplementary Material, without making any substantive changes to the rules. FINRA also proposed to update references and cross-references within the Supplementary Material and other FINRA rules accordingly.

Comments on the proposal are due by June 18, 2014.

See: 79 FR 30675.Related news: FINRA Proposes Adoption of Commissions and Mark-ups Rule (May 9, 2014).