Effective as of December 12, the Securities and Exchange Commission has approved a change to Financial Industry Regulatory Authority Rule 8312 (FINRA BrokerCheck Disclosure) to reduce the waiting period from 15 to three business days for the release of certain information reported on the Form U5 (Uniform Termination Notice for Securities Industry Registration) through BrokerCheck. FINRA believes that a three-business-day waiting period is sufficient time to provide brokers the opportunity to comment on the reported disclosure event and it allows investors to more quickly access information reported on Form U5.

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