Overview Text messaging via short message services (“SMS”) has become a standard channel for client communication across the financial services industry. In a recent YCharts survey, roughly one-third of advised … Continue reading Text Messaging in the Financial Industry — and the Disclosures You Must Have
Overview Small and mid-size broker-dealers increasingly rely on the institutional communication exemption under FINRA Rule 2210 to distribute marketing decks and performance-based marketing materials to clients and prospects. The exemption … Continue reading Why High-Net-Worth Clients Can Turn an Institutional Communication into a Retail Communication Violation
The Financial Industry Regulatory Authority (FINRA) Board of Governors approved moving forward with a significant amendment to FINRA Rule 2210 (Communications with the Public) in which it recommended introducing a limited … Continue reading FINRA Board Approves Amendment to Rule 2210 to Permit Limited Performance Projections
The Financial Industry Regulatory Authority, Inc. (“FINRA”) has filed a proposed rule change to amend FINRA Rule 2210 (Communications with the Public) with the Securities and Exchange Commission (“SEC”). The proposed … Continue reading FINRA Proposes Change to Rule 2210 (Communications with the Public)