FINRA Adopts Employee Trading Rule (Fed. Reg.)

FINRA approved a proposed rule change to adopt a new, consolidated rule addressing accounts opened or established by associated persons of members at firms other than the firm with which they are associated.

Proposed Rule 3210 would replace current NASD Rule 3050 and specify the particular information that the employee of a broker-dealer must provide to his/her employing firm regarding trades at an outside firm.