Safe Harbor: Equity and Debt Research Rules for Desk Commentary
As summarized below, FINRA is currently seeking comment on proposed amendments to FINRA Rule 2241 and FINRA Rule 2242 to create a limited safe harbor for specified brief, written analysis distributed to eligible institutional investors that comes from sales and trading or principal trading personnel but that may rise to the level of a research report (desk commentary). The proposed safe harbor would be subject to conditions, including compliance with a number of the Rule 2241 or Rule 2242 provisions to mitigate research-related conflicts. Read More…