Eminence submitted a comment letter to the U.S. Securities and Exchange Commission (“Commission” or “SEC”) regarding the Financial Industry Regulatory Authority, Inc.’s (“FINRA”) proposed Rule 6500 Series (the “Proposed SLATE Rules”).
The comment letter highlights that:
- The Proposed SLATE Rules Would Further Increase the Risk to Market Participants Already Posed by SEC Rule 10c-1a.
- FINRA Should Limit the Proposed SLATE Rules to What is Mandated by SEC Rule 10c-1a(f).
