FINRA proposed extending a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities. As previously covered, the pilot program conducted pursuant to FINRA Rule 11892 is intended to "promote transparency and uniformity" and "help assure consistent results in handling erroneous trades across the U.S. equities markets."

FINRA proposed extending the pilot program from October 20, 2020 until April 20, 2021. Comments on the extension must be submitted 21 days after its publication in the Federal Register.

Primary Sources

  1. FINRA Notice of Filing and Immediate Effectiveness: Proposed Rule Change to Extend the Pilot Program Related to FINRA Rule 11892 ("Clearly Erroneous Transactions in Exchange-Listed Securities")

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