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July 13, 2011
FINRA Proposes Revolving Door Restrictions on Former FINRA Officers
FINRA recently filed with the SEC a proposed rule change to amend (i) FINRA Rule 9141 (Appearance and Practice; Notice of Appearance) to prohibit a former officer of FINRA, for a period of one year after termination of employment with FINRA, from making an appearance before an adjudicator on behalf of any other person under the FINRA Rule 9000 Series; and (ii) FINRA Rule 9242 (Pre-hearing Submission) to prohibit a former officer of FINRA, for a period of one year after termination of employment with FINRA, from providing expert testimony on behalf of any other person under the FINRA Rule 9000 Series. SR-FINRA-2011-032, Proposed Rule Change to Implement Revolving Door Restrictions on Former Officers of FINRA.
For industry reaction, see Inv. News, Critics slam Finra panel ban plan
July 13, 2011 in Other Regulatory Action | Permalink
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