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Finra Proposes Allowing Predicted Returns in B-D Marketing  

Thursday, Nov 30 2023
Regulatory & Compliance
Written by  PFA News

The Financial Industry Regulatory Authority has floated a change to Finra Rule 2210, which generally bans broker-dealers from using performance projections or targeted returns in their marketing communications. So reports ThinkAdvisor.

finra 2Russell Fecteau, an attorney at Davis Wright Tremaine, told the news outlet the proposed rule change would now permit the use of projections and targets in communications to institutional investors and qualified purchasers.

Fecteau said the proposal would bring Finra rules in line with the Securities and Exchange Commission’s investment advisor marketing rule. Firms using projections and targets in marketing would need to “satisfy certain conditions,” according to Fecteau.

Read the full article from ThinkAdvisor.

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