Regulatory Notice 09-58

SEC Approves Amendments Regarding Best Execution and Interpositioning; Effective Date: September 8, 2009

Executive Summary

The SEC approved amendments to NASD Rule 2320's requirements concerning a firm's best execution obligations and interpositioning. As amended, the rule applies the standards in Rule 2320(a) to the execution of all customer orders, including those involving interposed third parties. The changes became effective September 8, 2009.

 

The text of the amendments can be found in the online FINRA Manual at www.finra.org/finramanual.

 

Questions regarding this Notice should be directed to Brant K. Brown, Associate General Counsel, Office of General Counsel, at (202) 728-6927.