FINRA-Proposed Rule Change Relating to Clearly Erroneous Transactions in Exchange-Listed Securities (Fed. Reg.)

The FINRA-proposed rule change to amend FINRA Rule 11892 ("Clearly Erroneous Transactions in Exchange-Listed Securities") was published in the Federal Register. FINRA proposes to add new provisions that address the multi-day clearly erroneous events, and transactions that occur during trading halts. Additionally, the amendments would add non-substantive clarifications to the rule.

Comments must be submitted by May 27, 2014.

The various securities exchanges have proposed similar rule changes (related news item).

See: 79 FR 25937.Related news: Proposed Rule Change to Amend FINRA Rule 11892 (April 17, 2014); FINRA-Proposed Rule Change to Extend the Clearly Erroneous Pilot Program for Exchange-Listed Securities (Fed. Reg.) (March 28, 2014); FINRA Proposes Rule to Extend the "Clearly Erroneous Transactions" Pilot Program for Exchange-Listed Securities (March 20, 2014).