SEC Release: FINRA Proposal to Amend Trading Halt Rules

SEC Release No. 34-64424; SR-FINRA-2011-023

May 6, 2011

The SEC published a FINRA proposal to (1) amend FINRA Rule 6121 to expand the scope of the trading pause pilot to include all NMS stocks covered by the trading pause pilot rules of a primary listing market, and (2) amend FINRA Rule 6272 to conform the quotation requirements on the ADF to those on other national securities exchanges. FINRA Rule 6121 currently applies only to securities that are part of the S&P 500, the Russell 1000, and certain exchange-traded products. The other SROs filed proposals that are substantially similar to the FINRA filing.

Cross References

FINRA Rules 6121, 6272

SEC Press Release No. 2011-84 (Re. "limit up-limit down" proposals)

SEC Release No. 34-64426 (Nasdaq proposal); SEC Release No. 34-64420 (NYSE proposal)