FINRA Guidance on International Solicitation

On July 27, FINRA reaffirmed its guidance in Notice to Members (“NTM”) 00-02 concerning the obligation of firms and associated persons to comply with U.S. and non-U.S. laws when soliciting business in any non-U.S. jurisdiction. FINRA also formally withdrew NTM 98-91 regarding cold calling and advertising to persons in the United Kingdom due to changes in the jurisdiction’s legal and regulatory framework. FINRA Notice.