Proposed Rule Change to Amend FINRA Rule 7650A Relating to Submission of Billing Disputes by FINRA/Nasdaq Trade Reporting Facility Participants

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 7650A (Collection of Fees) to require FINRA members that are FINRA/Nasdaq Trade Reporting Facility ("FINRA/Nasdaq TRF") participants to submit billing disputes within sixty days of receipt of the invoice to the FINRA/Nasdaq TRF.  The proposed rule change also would rename Rule 7650A as "Collection of Fees and Billing Policy."