Regulatory Notice 16-03

SEC Approves Amendment to Apply FINRA Rule Governing Mark-ups to Transactions in Exempted Securities That Are Government Securities

Implementation Date: December 14, 2015

Executive Summary

The SEC approved an amendment to FINRA Rule 0150 to codify the application of FINRA Rule 2121 and its Supplementary Material .01 and .02, which govern mark-ups and commissions, to transactions in exempted securities that are government securities. The amendment became effective upon SEC approval. The amended rule text is available in the online FINRA Manual.

Questions regarding this Notice should be directed to:

  • Patrick Geraghty, Vice President, Market Regulation, at (240) 386-4973 or by email; or
  • Andrew Madar, Associate General Counsel, Office of General Counsel, at (202) 728-8056 or by email.