ARTICLE
11 June 2018

FINRA Proposes Update To Security Futures Risk Disclosure Statement

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA filed for immediate effectiveness a proposed rule change with the SEC to update the security futures risk disclosure statement.
United States Corporate/Commercial Law

FINRA filed for immediate effectiveness a proposed rule change with the SEC to update the security futures risk disclosure statement.

Upon implementation, the rule change will (i) incorporate several relevant prior supplements pertaining to "Settlement by Physical Delivery" and "Corporate Events," (ii) reflect the industry-wide shift in the clearance and settlement cycle for securities transactions from three to two business days, (iii) amend the section on "Protections for Securities Accounts" to state the current address for the Securities Investor Protection Corporation, and (iv) make other "non-substantive and technical changes." FINRA is not proposing any textual changes to its rules at this time.

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