SR-FINRA-2012-044

Proposed Rule Change Relating to the Trading Activity Fee Rate for Transactions in Security Futures

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Section 1 of Schedule A to the FINRA By-Laws to adjust the rate of FINRA’s Trading Activity Fee (“TAF”) for round turn transactions in security futures.