FINRA Issues New Guidance for Broker-Dealer Communications Regarding Real Estate Investments
Timothy C. Foley,Amy Natterson Kroll,Michael R. Weissmann, May 22, 2013
FINRA recently issued a regulatory notice (the “Notice”) providing guidance to its members (“members”) on communications with the public (“firm communications”) regarding unlisted real estate investment programs, specifically REITs and real estate direct...

SEC Seeks Comment on Proposed Rule for New Regulation Systems Compliance and Integrity
W. Hardy Callcott,Frances S. Cohen,Timothy C. Foley, March 28, 2013
On March 8, 2013, the SEC released proposed Regulation Systems Compliance and Integrity (the “Proposed Rule” or “Reg SCI”). The Proposed Rule reflects sweeping changes in the securities market resulting from increased automation and the proliferation of trading venues. The...

FINRA’s New Limit Up/Limit Down Rules to Take Effect as of April 8, 2013
Timothy C. Foley,Michael D. Wolk, March 19, 2013
The Financial Industry Regulatory Authority (“FINRA”) recently issued a regulatory notice regarding the pending implementation of the joint industry Regulation NMS Plan to Address Extraordinary Market Volatility (the “Plan”) and adopting a new FINRA Rule and amending other...