On April 20, 2016, FINRA proposed delaying further the implementation date of its new debt research rule (Rule 2422) until July 16, 2016. Rule 2422 was set to take effect on April 22, 2016, after the implementation date was extended from the initial February 22, 2016 deadline. We will continue to monitor developments relating to the implementation date of Rule 2422 on this blog.
The proposed FINRA rule change is available at: http://www.finra.org/sites/default/files/rule_filing_file/SR-FINRA-2016-013.pdf.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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