FINRA Extends Pilot For "Clearly Erroneous Transactions in Exchange-Listed Securities"

FINRA proposed to extend the pilot program regarding FINRA Rule 11892 (Clearly Erroneous Transactions in Exchange-Listed Securities) until October 18, 2019.

FINRA's proposal is proposed in connection with proposed amendments to the "Plan to Address Extraordinary Market Volatility," which would permit the Plan to function on a permanent basis. FINRA filed the proposal for immediate effectiveness.