SEC Approves FINRA-Proposed Rule Change Relating to Clearly Erroneous Executions

The SEC approved the FINRA-proposed rule change to amend FINRA Rule 11892 to add new provisions that address multi-day clearly erroneous events and transactions occurring during trading halts, as well as make non-substantive clarifications to the rule.

See: SEC Order of Approval.Related news: FINRA-Proposed Rule Change Relating to Clearly Erroneous Transactions in Exchange-Listed Securities (Fed. Reg.)(May 6, 2014); Proposed Rule Change to Amend FINRA Rule 11892 (April 17, 2014); FINRA-Proposed Rule Change to Extend the Clearly Erroneous Pilot Program for Exchange-Listed Securities (Fed. Reg.) (March 28, 2014); FINRA Proposes Rule to Extend the "Clearly Erroneous Transactions" Pilot Program for Exchange-Listed Securities (March 20, 2014).