Rule 27-11

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Rule 27-11

A FINRA rule requiring analysts to state whether they or their family members own a security that they discuss. It also requires recommendations to be divided into three categories: buy, neutral and sell. Rule 27-11 is intended to make recommendations as clear as possible while reducing potential conflicts of interest.
References in periodicals archive ?
FINRA regulators brought charges that, "[the] research reports violated NASD conduct rule 2711 governing the content and disclosures required for equity research reports, and NASD conduct rule 2210(D) governing content standard for communicating with the public.
The settlement and related regulations such as NASD rule 2711 and NYSE rule 472 also include other provisions about disclosing conflicts, providing recommendations histories, and severing the links between the research and investment banking groups within the banks.
I also separately examine Sell recommendations since NASD rule 2711 emphasizes that they should be distinct from Holds.
Though some may view this literal interpretation as naive, it is consistent with the spirit of the Global Settlement and the plain-meaning mandate in NASD rule 2711 (h)(4) and the associated interpretation articulated by the NASD and NYSE (2002, page 375).
When splitting the CAR analysis into subsamples the results suggest that NASD Rule 2711 may have improved the credibility of Lead recommendations.
Fan was fined $10,000 and suspended for 30 business days for violating NASD Rule 2711 by participating in efforts to solicit investment banking business from two public companies, and Alka Singh was fined $10,000 and suspended for six months after FINRA found that she attempted to arrange a concealed fee from a public company for which she provided research coverage.
The results, as seen in Fortune 1000 deployments, include improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).
The latest SEC ethics rules for stock analysts, rule 2711, will force many companies to rethink how they currently deliver their research to clients, said Joe Murphy.
The results include improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).
This is being driven by CIOs, CSOs and enterprise architects calling upon maturing Entitlement Management solutions that meet the demands created by the who-can-access-what and who-had-access-to-what- when-and-where regulatory requirements as defined by Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).
The results, as seen in Fortune 1000 deployments, include improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm- Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).
Customers benefit from improved security and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, the Gramm-Leach-Bliley Act (GLBA), Basel Capital Accord (Basel II), and the National Association of Securities Dealers Rule 2711 (NASD 2711).