A FINRA rule proposal extending its current pilot program for reviews of clearly erroneous transactions in exchange-listed securities was published in the Federal Register. The rule is immediately effective, however FINRA is requesting comments on the rule proposal until November 14, 2019.
As previously covered, FINRA stated that extending the pilot program to April 20, 2020 will provide the agency and other national securities exchanges with more time to consider a permanent rule proposal.
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