Notice2026-08797
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt FINRA Rule 3290 (Outside Activities Requirements)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 6, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 87 (Wednesday, May 6, 2026)</title>
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[Federal Register Volume 91, Number 87 (Wednesday, May 6, 2026)]
[Notices]
[Pages 24613-24617]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-08797]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-105355; File No. SR-FINRA-2026-001]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Filing of Amendment No. 1 and Order
Instituting Proceedings To Determine Whether To Approve or Disapprove a
Proposed Rule Change, as Modified by Amendment No. 1, To Adopt FINRA
Rule 3290 (Outside Activities Requirements)
May 1, 2026.
I. Introduction
On January 22, 2026, the Financial Industry Regulatory Authority,
Inc. (``FINRA'') filed with the Securities and Exchange Commission
(``SEC'' or ``Commission''), pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b 4
thereunder,\2\ a proposed rule change to adopt FINRA Rule 3290 (Outside
Activities Requirements) to replace existing FINRA Rules 3270 (Outside
Business Activities of Registered Persons) and 3280 (Private Securities
Transactions of an Associated Person).
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b 4.
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The proposed rule change was published for comment in the Federal
Register on February 3, 2026.\3\ The public comment period closed on
February 24, 2026. The Commission received comment letters in response
to the Notice.\4\ On March 13, 2026, FINRA consented to an extension of
the time period in which the Commission must approve the proposed rule
change, disapprove the proposed rule change, or institute proceedings
to determine whether to approve or disapprove the proposed rule change
to May 4, 2026.\5\ On May 1, 2026, FINRA responded to the comment
letters received in response to the Notice and filed an amendment to
modify the proposed rule change (``Amendment No. 1'').\6\
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\3\ See Exchange Act Release No. 104746 (Jan. 29, 2026), 91 FR
5003 (Feb. 3, 2026) (File No. SR-FINRA-2026-001) (``Notice'').
\4\ The comment letters are available at <a href="https://www.sec.gov/rules-regulations/public-comments/sr-finra-2026-001">https://www.sec.gov/rules-regulations/public-comments/sr-finra-2026-001</a>.
\5\ See letter from Alicia Goldin, Vice President and Associate
General Counsel, Office of General Counsel, FINRA (dated, March 13,
2026), <a href="https://www.finra.org/sites/default/files/2026-03/SR-FINRA-2026-001-Extension1.pdf">https://www.finra.org/sites/default/files/2026-03/SR-FINRA-2026-001-Extension1.pdf</a>.
\6\ See letter from Matthew E. Vitek, Associate General Counsel,
Office of General Counsel, FINRA (dated May 1, 2026), <a href="https://www.sec.gov/comments/SR-FINRA-2026-001/srfinra2026001-765807-2350615.pdf">https://www.sec.gov/comments/SR-FINRA-2026-001/srfinra2026001-765807-2350615.pdf</a>; see also Amendment No. 1.
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The Commission is publishing this order pursuant to Section
19(b)(2)(B) of the Exchange Act \7\ to solicit comments on the proposed
rule change, as modified by Amendment No. 1 (hereinafter referred to as
the ``proposed rule change'' unless otherwise specified), and to
institute proceedings to determine whether to approve or disapprove the
proposed rule change.
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\7\ 15 U.S.C. 78s(b)(2)(B).
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II. Description of the Proposed Rule Change
A. Background
1. FINRA Rule 3270
In general, FINRA Rule 3270 prohibits a registered person from
being an employee, independent contractor, sole proprietor, officer,
director or partner of another person, or being compensated, or having
the reasonable expectation of compensation, by any other person as a
result of any business activity outside the scope of the relationship
with his or her member firm (``member'') (outside business activities
or ``OBA''), unless he or she has provided prior written notice to the
member, in such form as specified by the member.
Upon receipt of a written notice, FINRA Rule 3270.01 requires the
member to consider whether the
[[Page 24614]]
proposed activity will: (1) interfere with or otherwise compromise the
registered person's responsibilities to the member and/or the member's
customers; or (2) be viewed by customers or the public as part of the
member's business based upon, among other factors, the nature of the
proposed activity and the manner in which it will be offered. Based on
the member's review of such factors, the member must evaluate the
advisability of imposing specific conditions or limitations on a
registered person's OBA, including where circumstances warrant,
prohibiting the activity.\8\ FINRA Rule 3270.01 also requires a member
to evaluate the registered person's proposed activity to determine
whether the activity is properly characterized as an OBA or whether it
should be treated as an outside securities activity subject to the
requirements of FINRA Rule 3280. Additionally, FINRA Rule 3270.01
requires a member to keep a record of its compliance with these
obligations with respect to each written notice received and must
preserve this record for the period of time and accessibility specified
in Exchange Act Rule 17a-4(e)(1).
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\8\ FINRA Rule 3270.01.
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2. FINRA Rule 3280
FINRA Rule 3280(a) prohibits an associated person of a member from
participating in any manner in a private securities transactions
(``PST'') \9\ except in accordance with the following requirements:
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\9\ FINRA Rule 3280(e)(1) defines a PST as any securities
transaction outside the regular course or scope of an associated
person's employment with a member, excluding: (1) transactions
subject to the notification requirements of FINRA Rule 3210
(Accounts at Other Broker-Dealers and Financial Institutions); (2)
transactions among immediate family members (as defined in FINRA
Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity
Public Offerings)) for which no associated person receives any
selling compensation; and (3) personal transactions in investment
company and variable annuity securities. FINRA Rule 3280(e)(2)
defines ``selling compensation'' as any compensation paid directly
or indirectly from whatever source in connection with or as a result
of the purchase or sale of a security.
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<bullet> FINRA Rule 3280(b) requires an associated person, prior to
participating in any private securities transaction, to provide written
notice to the member with which he or she is associated, describing in
detail the proposed transaction and the person's proposed role therein
and stating whether he or she has received or may receive selling
compensation in connection with the transaction; \10\
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\10\ In the case of a series of related transactions in which no
selling compensation has been or will be received, an associated
person may provide a single written notice. FINRA Rule 3280(b).
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<bullet> FINRA Rule 3280(c)(1) requires a member that has received
notice from one of its associated persons regarding a proposed
transaction for which the associated person has received or may receive
selling compensation to advise the associated person in writing whether
it approves \11\ or disapproves \12\ the person's participation in the
proposed transaction; and
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\11\ If the member approves its associated person's
participation in a proposed transaction, the transaction must be
recorded on the books and records of the member and the member must
supervise the associated person's participation in the transaction
as if the transaction were executed on behalf of the member. FINRA
Rule 3280(c)(2).
\12\ If the member disapproves its associated person's
participation in a proposed transaction, the associated person must
not participate in the transaction. FINRA Rule 3280(c)(3).
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<bullet> FINRA Rule 3280(d) requires a member that has received
notice from one of its associated persons regarding a proposed
transaction or series of related transactions for which the associated
person has not and will not receive any selling compensation to provide
the associated person prompt written acknowledgment of his or her
notice.\13\
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\13\ The member may also require the associated person to adhere
to specified conditions in connection with his or her participation
in the transaction. See FINRA Rule 3280(d).
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B. The Proposed Rule Change
The proposed rule change would delete current FINRA Rules 3270 and
3280 and replace them with proposed new FINRA Rule 3290. As discussed
in more detail below, the new rule would retain many of the existing
requirements of the current rules, including: (1) requiring that
persons provide prior written notice of outside investment-related
activities and outside securities transactions to members; (2)
requiring members receiving a notice to assess the activity; and (3)
requiring members' prior written approval or disapproval of certain
activities. Proposed FINRA Rule 3290 also would codify FINRA guidance
on the application of FINRA Rules 3270 and 3280 to, among other things,
acting as a portfolio manager or investment committee member for
certain entities; activity pursuant to a contractual relationship
between a member and an unaffiliated entity; certain outside securities
activity at banks and other financial institutions; and formal
allocation agreements between members.\14\ The proposed rule change
would also make several changes, such as: excluding from the rule's
coverage, or eliminating the reporting and assessment of, certain
activities that FINRA categorizes as ``lower risk''; \15\ and replacing
the supervision and recordkeeping requirements for outside unaffiliated
investment adviser activity with a notice and assessment requirement.
FINRA stated that the proposed rule change would, among other things,
enable members to redirect supervisory and compliance resources away
from low-risk activities that pose minimal investor protection concerns
toward higher-risk investment-related activities.\16\
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\14\ Notice at 5004.
\15\ Id.
\16\ Id. at 5007.
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Each of the proposed rule changes is discussed below in turn.
1. Outside Activities
a. Registered Person's Obligations
Proposed FINRA Rule 3290(a) (Obligations of a Registered Person for
Outside Activity) would require a registered person who intends to
participate in an investment-related activity \17\ outside the scope of
such person's relationship with the member \18\ that is not in
connection with a securities transaction (``outside activity'') to
provide prior written notice to the member regarding such outside
activity. Similarly, proposed FINRA Rule 3290(a) would require a
registered person to update any prior written notice to the member if
there is a material change to the outside activity. For any such
notice, the registered person would be required to describe in detail
the proposed outside activity and the person's proposed role
therein.\19\
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\17\ Proposed FINRA Rule 3290(f)(3) states that the term
``investment-related activity'' would mean pertaining to financial
assets and include, but not be limited to: (1) acting as or being
associated with a broker-dealer, issuer, insurance agent or company,
investment company, investment adviser, futures commission merchant,
commodity trading advisor, commodity pool operator, municipal
advisor, futures sponsor, money services business, bank, savings
association, or credit union; and (2) an associated person's
participation in any manner in a personal investment involving a
securities transaction, other than transactions indicated in
proposed FINRA Rule 3290(g)(3)(A). See also Amendment No. 1.
\18\ Proposed FINRA Rule 3290.04 states that an associated
person's activity that is pursuant to a contract between a member
and another entity would not be subject to proposed FINRA Rule 3290
if such activity is conducted on behalf of the member as it is
within the scope of the associated person's relationship with the
member.
\19\ Proposed FINRA Rule 3290(a).
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b. Member's Obligations
Proposed Rule 3290(c) (Obligations of a Member for a Registered
Person's Outside Activity) would require a member receiving written
notice of a registered person's outside activity to assess, at a
minimum, whether the outside activity: (1) is an outside
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securities transaction; \20\ (2) involves a customer of the registered
person; (3) will interfere with or otherwise compromise the registered
person's responsibilities to the member or the member's customers; and
(4) will be viewed by the member's customers or the public as part of
the member's business based upon, among other factors, the nature of
the proposed activity and the manner in which it will be offered.\21\
Based on the member's review of such factors, the member would be
required to evaluate the advisability of imposing specific conditions
or limitations on a registered person's outside activity, including
where circumstances warrant, prohibiting the activity.\22\ If a member
imposes conditions or limitations on a registered person's
participation in an outside activity pursuant to proposed FINRA Rule
3290(c)(2), proposed FINRA Rule 3290.06 would require the member to
reasonably supervise the person's compliance with such conditions or
limitations.\23\
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\20\ If the member determines that the activity is an outside
securities transaction, the member would be required to follow the
obligations listed in proposed FINRA Rule 3290(d), as discussed
below.
\21\ Proposed FINRA Rule 3290(c)(1).
\22\ Proposed FINRA Rule 3290(c)(2).
\23\ Amendment No. 1.
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2. Outside Securities Transactions
a. Associated Person's Obligations
Proposed FINRA Rule 3290(b) (Obligations of an Associated Person
for Outside Securities Transactions) would require an associated person
who intends to participate in an investment-related activity that is in
connection with a securities transaction but outside the scope of such
person's relationship with the member (``outside securities
transaction'') \24\ to provide prior written notice to the member,
describing in detail the proposed transaction, the person's proposed
role therein, and whether the person will receive selling
compensation.\25\ Similarly, FINRA Rule 3290(b)(2) would require an
associated person to update any prior written notice if there is a
material change to the outside securities transaction described in such
notice. Where the associated person intends to participate in an
outside securities transaction for selling compensation, the associated
person also would need to obtain prior written approval from the member
(including approval for any material change to any information provided
pursuant to proposed FINRA Rule 3290(b)(1)).\26\
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\24\ See supra note 18. Proposed FINRA Rule 3290.02 states that
an associated person would not be considered to be participating in
an outside securities transaction to the extent the associated
person's activities are limited to acting as portfolio manager or
investment committee member for registered investment companies,
unregistered investment companies, business development companies,
real estate investment trusts, and entities that are recognized as
tax exempt. Such activity would be considered an outside activity of
a registered person. This exception would not include an associated
person's activities related to purchasing or selling such entities'
shares (unless otherwise excluded under proposed FINRA Rule 3290(g)
(discussed infra)).
\25\ Proposed FINRA Rules 3290(b)(1), (3). Proposed FINRA Rule
3290(b)(1)(A) would permit an associated person who intends to
participate in an outside securities transaction that is in
connection with a series of related securities transactions not for
selling compensation to provide a single prior written notice to the
member. Similarly, proposed FINRA Rule 3290(b)(1)(B) would permit an
associated person acting as portfolio manager or investment
committee member for registered investment companies, unregistered
investment companies, business development companies, real estate
investment trusts, and entities that are recognized as tax exempt,
and who is not selling an entity's shares for selling compensation
to provide a single prior written notice to the member. See proposed
FINRA Rule 3290.02.
\26\ Proposed FINRA Rules 3290(b)(1), (2). FINRA Rule 3290(f)(5)
would define ``selling compensation'' as any compensation paid
directly or indirectly from whatever source in connection with or as
a result of the purchase, sale or exchange of a security.
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b. Member's Obligations
Proposed Rule 3290(d) (Obligations of a Member for an Associated
Person's Outside Securities Transactions) would require a member
receiving written notice of an associated person's outside securities
transaction to assess, at a minimum, whether the securities
transaction: (1) is a securities transaction for selling compensation;
(2) involves a customer of the associated person; (3) will interfere
with or otherwise compromise the associated person's responsibilities
to the member or the member's customers; and (4) will be viewed by the
member's customers or the public as part of the member's business based
upon, among other factors, the nature of the proposed activity and the
manner in which it will be offered.\27\
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\27\ Proposed FINRA Rule 3290(d)(1)(A)-(D). The proposed rule
change would not require members to assess the securities
transaction pursuant to proposed Rule 3290(d)(1) when disapproving
an outside securities transaction for selling compensation under
proposed Rule 3290(d)(3)(C). Proposed FINRA Rule 3290(d)(1).
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In addition, if the outside securities transaction is not for
selling compensation, proposed FINRA Rule 3290(d)(2) would require the
member to: (1) provide the associated person prompt written
acknowledgement of such notice \28\ and (2) at the member's discretion,
require the associated person to adhere to specified conditions or
limitations \29\ in connection with the associated person's
participation in the transaction. If a member imposes conditions or
limitations on an associated person's participation in an outside
securities transaction not for selling compensation pursuant to
proposed FINRA Rule 3290(d)(2), proposed FINRA Rule 3290.06 would
require the member to reasonably supervise the person's compliance with
such conditions or limitations.\30\
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\28\ A single written acknowledgement may be used in the case of
a series of related outside securities transactions not for selling
compensation. Proposed FINRA Rule 3290(d)(2).
\29\ Amendment No.1.
\30\ Id.
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If the outside securities transaction is for selling compensation,
proposed FINRA Rule 3290(d)(3) would require the member to notify the
associated person in writing of the member's decision to: (1) approve
the proposed transaction after making a reasonable determination based
on the criteria enumerated in proposed FINRA Rule 3290(d)(1); (2)
approve the proposed transaction subject to specific conditions or
limitations after a reasonable determination based on the criteria
enumerated in proposed FINRA Rule 3290(d)(1); or (3) disapprove the
proposed transaction.\31\ If a member imposes conditions or limitations
on an associated person's participation in an outside securities
transaction for selling compensation pursuant to proposed FINRA Rule
3290(d)(3), proposed FINRA Rule 3290.06 would require the member to
reasonably supervise the person's compliance with such conditions or
limitations.\32\
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\31\ Proposed FINRA Rule 3290(d)(3)(A)-(C).
\32\ Amendment No. 1.
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Proposed FINRA Rule 3290(d)(4) would require a member to record
each approved outside securities transaction for selling compensation
on the books and records of the member \33\ and supervise the person's
participation in the transaction as if executed on behalf of the
member.\34\
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\33\ Proposed FINRA Rule 3290(e) would require a member to keep
a record of its compliance with the obligations under proposed FINRA
Rule 3290 and preserve this record for the period of time and
accessibility specified in Exchange Act Rule 17a-4(e)(1).
\34\ Proposed FINRA Rule 3290.01 states that for purposes of
proposed FINRA Rule 3290, if a member approves an associated
person's participation in an outside securities transaction
involving selling compensation and that person is associated with
more than one member, the members may develop a written allocation
arrangement whereby at least one member agrees to be responsible for
compliance with respect to all applicable securities laws and
regulations and FINRA rules regarding the proposed activity,
including those requiring supervision and recordkeeping.
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c. Exclusions From Proposed FINRA Rules 3290(b), (d)
i. Activity at an Unaffiliated Registered Investment Adviser
Proposed FINRA Rule 3290.03 states that an associated person's
activity at an investment adviser registered either with the Commission
under Section 203 of the Investment Advisers Act or with a state
securities commission (or any agency or office performing like
functions) would be considered an outside activity of a registered
person and not an outside securities transaction for purposes of
proposed FINRA Rule 3290.
ii. Activity Subject to the Gramm-Leach-Bliley Act (GLBA) or Regulation
R Under the Exchange Act (Regulation R)
Proposed FINRA Rule 3290.05 states that an associated person's
securities activity that is not covered by proposed FINRA Rule 3290.04
but that qualifies under the GLBA or Regulation R's exception to broker
or dealer registration requirements would be considered an outside
activity of a registered person and not an outside securities
transaction for purposes of this proposed Rule.
3. Exclusions From Proposed FINRA Rule 3290
Proposed FINRA Rule 3290(g) would exclude from proposed FINRA Rule
3290: (1) an associated person's (including a registered person's)
activity on behalf of a member or its affiliate; \35\ (2) an associated
person's (including a registered person's) securities transactions
among immediate family for which the associated person receives no
selling compensation; \36\ and (3) the following personal investments:
(a) an associated person's (including a registered person's) securities
transactions subject to or delineated in FINRA Rule 3210 (Accounts at
Other Broker-Dealers and Financial Institutions); (b) an associated
person's (including a registered person's) personal investments in non-
securities; and (c) an associated person's (including a registered
person's) purchase, sale, rental or lease of a main home and up to two
secondary homes that are: (i) solely owned by the associated person or
the associated person and immediate family; (ii) owned by the
associated person as a sole proprietorship; (iii) owned by a
corporation, LLC, partnership, limited partnership, or other entity
that is solely owned by the associated person or the associated person
and immediate family; or (iv) owned by a trust with the associated
person or the associated person and immediate family as the sole
beneficiaries.\37\
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\35\ Proposed FINRA Rule 3290(g)(1). Proposed FINRA Rule
3290(f)(1) would define ``affiliate'' as any entity that controls,
is controlled by, or is under common control with a member.
\36\ Proposed FINRA Rule 3290(g)(2). Proposed FINRA Rule
3290(f)(2) would define ``immediate family'' to have the same
meaning as in paragraph (c) of Rule 3240 (Prohibition on Borrowing
from or Lending to Customers).
\37\ Proposed FINRA Rule 3290(g)(3)(A)-(C). Proposed FINRA Rule
3290(f)(4) would define ``secondary home'' as a property that is
used for residential purposes by the associated person for at least
part of the year.
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4. General Exemptive Authority
Proposed FINRA Rule 3290(h) would authorize FINRA staff, for good
cause shown after taking into consideration all relevant factors, to
conditionally or unconditionally grant an exemption pursuant to the
FINRA Rule 9600 Series from any provision of proposed FINRA Rule 3290
to the extent that such exemption is consistent with the purpose of the
rule, the protection of investors, and the public interest.
III. Proceedings To Determine Whether To Approve or Disapprove File No.
SR-FINRA-2026-001 and Grounds for Disapproval Under Consideration
The Commission is instituting proceedings pursuant to Section
19(b)(2)(B) of the Exchange Act to determine whether the proposed rule
change should be approved or disapproved.\38\ Institution of
proceedings is appropriate at this time in view of the legal and policy
issues raised by the proposed rule change. Institution of proceedings
does not indicate that the Commission has reached any conclusions with
respect to the proposed rule change.
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\38\ 15 U.S.C. 78s(b)(2)(B).
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Pursuant to Section 19(b)(2)(B) of the Exchange Act, the Commission
is providing notice of the grounds for disapproval under
consideration.\39\ The Commission is instituting proceedings to allow
for additional analysis and input concerning whether the proposed rule
change is consistent with the Exchange Act and the rules thereunder.
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\39\ Id.
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IV. Request for Written Comments
The Commission requests that interested persons provide written
submissions of their views, data, and arguments with respect to the
issues identified above, as well as any other concerns they may have
with the proposed rule change. In particular, the Commission invites
the written views of interested persons concerning whether the proposed
rule change is consistent with the Exchange Act and the rules
thereunder.
Although there do not appear to be any issues relevant to approval
or disapproval that would be facilitated by an oral presentation of
views, data, and arguments, the Commission will consider, pursuant to
Rule 19b-4, any request for an opportunity to make an oral
presentation.\40\
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\40\ Section 19(b)(2) of the Exchange Act, as amended by the
Securities Acts Amendments of 1975, Public Law 94-29, 89 Stat. 97
(1975), grants the Commission flexibility to determine what type of
proceeding--either oral or notice and opportunity for written
comments--is appropriate for consideration of a particular proposal
by a self-regulatory organization. See Securities Acts Amendments of
1975, Report of the Senate Committee on Banking, Housing and Urban
Affairs to Accompany S. 249, S. Rep. No. 75, 94th Cong., 1st Sess.
30 (1975).
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Interested persons are invited to submit written data, views, and
arguments regarding whether the proposed rule change, as modified by
Amendment No. 1, should be approved or disapproved by May 27, 2026. Any
person who wishes to file a rebuttal to any other person's submission
must file that rebuttal by June 10, 2026.
Comments may be submitted by any of the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#99ebecf5fcb4faf6f4f4fcf7edead9eafcfab7fef6ef"><span class="__cf_email__" data-cfemail="7c0e091019511f1311111912080f3c0f191f521b130a">[email protected]</span></a>. Please include
file number SR-FINRA-2026-001 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to file number SR-FINRA-2026-001. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of such filing will be available for inspection and
copying at the principal office of FINRA. Do not include personal
identifiable information in submissions; you should submit only
information that you wish to make available publicly. We may redact in
part or withhold entirely from publication submitted material that is
obscene or subject to copyright protection. All submissions should
refer to file number SR-FINRA-2026-001 and should be submitted on or
before May 27, 2026. If
[[Page 24617]]
comments are received, any rebuttal comments should be submitted on or
before June 10, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\41\
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\41\ 17 CFR 200.30-3(a)(12); 17 CFR 200.30-3(a)(57).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026-08797 Filed 5-5-26; 8:45 am]
BILLING CODE 8011-01-P
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