FINRA filed a proposed rule change to extend its current pilot program for reviews of clearly erroneous transactions in exchange-listed securities until April 20, 2020. The current pilot program is due to expire on October 18, 2019. The proposed change is effective immediately.
FINRA stated that extending the pilot program under FINRA Rule 11892 will provide the agency and other national securities exchanges more time to consider a permanent rule proposal.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
