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NSCP submits letter to FINRA requesting updates to rulemaking approach

Montage with Lisa Crossley and a person writing in the background.
Lisa Crossley, Executive Director & CEO NSCP. GRIP Montage: NSCP/Getty Images

The compliance industry group requested early rule input opportunities, minimization of rule ambiguity and overlap, and cognizance of compliance costs.

The National Society of Compliance Professionals (NSCP) has submitted a comment letter to FINRA in response to its Regulatory Notice 25-04, which sought industry input on how the self-regulatory organization could modernize its rules and regulatory approaches.

The letter suggested that FINRA view compliance personnel as partners with shared objectives.