Proposed Rule Change to Amend NASD Rule 2320 Regarding Best Execution and Interpositioning

Financial Industry Regulatory Authority, Inc. ("FINRA") (f/k/a National Association of Securities Dealers, Inc. ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to (1) amend NASD Rule 2320 to update members' best execution obligations involving interpositioning and (2) amend NASD Rules 3110(b), 6750(b), and IM-2320 to reflect the redesignation of certain paragraphs in Rule 2320.