Regulatory Notice 11-30

FINRA Revises the Treatment of Non-Margin Eligible Equity Securities and Delays the Effective Date

New Effective Date: October 3, 2011

To accommodate systems-related concerns, FINRA is deferring the effective date announced in Regulatory Notice 11-16 for the treatment of non-margin eligible equity securities to October 3, 2011. In addition, FINRA is revising a provision regarding the day trading of non-margin eligible equity securities.

Questions concerning this Notice should be directed to:

  • Rudolph R. Verra, Managing Director, Risk Oversight and Operational Regulation, at (646) 315-8811;
  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464; or
  • Steve Yannolo, Project Manager, Credit Regulation, at (646) 315-8621.