FINRA's Board of Governance approved the issuance of six new rule proposals. They include:

  • Amendments to permit FINRA to publish aggregated TRACE volume data on transactions in U.S. Treasury Securities.
  • Amendments to FINRA's Code of Procedure to compensate members of hearing panels, regardless of the length of the hearing.
  • Amendments to various provisions of the Rules for Capital Acquisition Brokers (the "CAB Rules").
  • A new rule requiring firm approval for a registered individual to act as beneficiary, executor, or trustee on behalf of a customer.
  • Amendments to FINRA's Codes of Arbitration Procedure to create a roster of arbitrators with enhanced training and experience. The arbitrators would serve on a panel determining requests by broker-dealer personnel to expunge information from customer disputes.
  • Amendments to the rules governing Inter-Dealer Quotation Systems that display quotes in unlisted equity securities.

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