FINRA proposed extending the effective date of a rule change that would clarify the operation of the Regulation NMS Plan to Address Extraordinary Volatility following a trading pause or regulatory halt in an NMS security.

New SRO rules, rule proposals and NMS plans were announced by the SEC. Click on the links below to view the SEC Notices of exchange rule changes and proposals for the week of August 15 - August 19.

FINRA announced that it will retire the web-based system now used to submit short interest positions and replace it with a new interface accessible via the Firm Gateway.

The SEC found that the Division of Enforcement had not met its burden to show that an investor had violated anti-fraud provisions by allegedly failing to make delivery when call options he wrote were exercised. However, the SEC found that the broker dealer failed to close out certain "fail to deliver" positions.

The MSRB notified member firms that the SEC approved a mandate that inter-dealer failed transactions be closed-out within 10 calendar days, with an allowance for an additional 10-calendar day extension at the buyer’s discretion.