Proposed Rule Change to Amend FINRA Rules 2220, 2351, 2357, 2360, and 4210 to Address Binary Options, Options Whose Payout is Based on Specified Metrics, and Options Cleared by a Registered Clearing Agency Other than The Options Clearing Corporation

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 2220, 2351, 2357, 2360, and 4210 to address binary options, options whose payout is based on specified metrics, and options cleared by a registered clearing agency other than The Options Clearing Corporation.