SEC Extends Consideration of Employee Trading Rule (Fed. Reg.)

The SEC extended the time period for determining whether to adopt FINRA Rule 3210 on employee trading. The extension was published in the Federal Register. The SEC will make a decision on the proposed rules by April 8, 2016. Proposed Rule 3210 would replace current NASD Rule 3050 and specify the particular information that the employee of a broker-dealer must provide to their employing firm regarding trades at an outside firm.