SR-FINRA-2009-045

Proposed Rule Change to Clarify the Application of Transaction-Related Charges for Trade Reporting to the OTC Reporting Facility Pursuant to FINRA Rule 7710

Financial Industry Regulatory Authority, Inc. ("FINRA") is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to clarify the application of transaction-related charges for trade reporting to the OTC Reporting Facility ("ORF") pursuant to FINRA Rule 7710.