| FINRA.org Skip to main content

SR-FINRA-2026-025

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks) concerning the resumption of trading following a Level 3 market-wide circuit breaker halt in connection with the industry’s expansion of trading hours to 23 hours per day, 5 days per week.

Regulatory Notice 26-23

Summary 

FINRA has adopted amendments to exempt specified collective trust funds (CTFs) from FINRA Rule 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and from paragraph (b) (Spinning) of FINRA Rule 5131 (New Issue Allocations and Distributions).