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FINRA issued a notice regarding the SEC-approved rule change to adopt additional financial and operational Rules 4314 ("Securities Loans and Borrowings"), 4330 ("Customer Protection – Permissible Use of Customers' Securities") and 4340 ("Callable Securities") for the consolidated FINRA Rulebook . The new consolidated rules govern (i) securities loans and borrowings, (ii) permissible use of customers' securities and (iii) callable securities. The rules are in part based on, and replace, provisions of the NYSE and NASD rules. Effective Date: May 1, 2014. Lofchie Comment: While these requirements