On November 2, the SEC approved an amendment to FINRA Rule 9251 that explicitly protects from discovery during FINRA proceedings those documents that federal law prohibits FINRA from disclosing. The amended rule text will be effective December 2. FINRA Notice and Amended Rule.
Amendment
SEC Proposed Amendment for Securities on BATS
On August 8, the SEC proposed an amendment to Rule 146 to designate certain securities on BATS Exchange, Inc. as covered securities for purposes of Section 18 of the Securities Act of 1933, therefore exempting such securities from state law registration requirements. Comments must be submitted within 30 days after publication in the Federal Register. SEC Proposed Rule.