March 16, 2021

FINRA Proposes Further Extension of Pilot Program on Clearly Erroneous Transactions

FINRA proposed extending until October 20, 2021 a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities under FINRA Rule 11892. The pilot has been extended several times. It is currently set to expire on April 20, 2021.

Comments on the extension must be submitted no more than 21 days after the proposal's publication in the Federal Register.