FINRA Rule Regarding Charges for Services Published (Fed. Reg.)

The FINRA-proposed rule to incorporate NASD Rule 2430 ("Charges for Services Performed") into new FINRA Rule 2122("Charges for Services Performed") was published in the Federal Register.

The proposed rule change provides that charges, if any, for services performed, including miscellaneous services, such as the collection of monies due for principal, dividends or interest, exchange or transfer of securities, and other services must be reasonable and not unfairly discriminatory among customers.

The rule is effective immediately. Comments may be submitted until December 29, 2014.

See: 79 FR 72743.See also: FINRA Proposes New Rule Regarding Charges for Services Performed (November 21, 2014).