Financial Industry Regulatory Authority

Money Moves

Continues to oversee LeveL Markets as a registered ATS

Nasdaq agreed on Aug. 11, 2026, to buy LeveL Markets, the third-largest alternative trading system in the United States. The deal closed Oct. 15, putting a venue that trades hundreds of millions of shares a day inside an exchange company.

Updated 1 hour ago

Rule Changes

Rule 6121.02 still reads 'for the remainder of the trading day' as of November 2

Seventeen US stock exchanges have filed rule changes to keep a 4:00 a.m. Eastern restart after a 20% market decline. The latest was Investors Exchange, which filed with the Securities and Exchange Commission on November 4.

Updated Yesterday

Rule Changes

Model for the new definition

The New York Stock Exchange (NYSE) filed on September 18 to delete its 'approved person' registration category, a holdover from when membership meant owning a seat. The SEC posted notice on October 1, and the Federal Register published it October 6. Comments were due October 27.

Updated Oct 30

Rule Changes

Named in NYSE and MEMX filings as planning a substantively identical rule; no FINRA filing identified as of October 30, 2026

Five exchanges have filed rules to stop overnight trades from being canceled as clearly erroneous, ahead of the industry's planned switch to 23-hour trading on December 6. NYSE American, Cboe BZX, MEMX and MX2 each filed versions of the change, and NYSE followed its September proposal with a wider rewrite of Rule 7.10 on October 8.

Updated Oct 30

Rule Changes

As of September 2026: Source of the mirrored Rule 3220; already binds most PHLX members

Nasdaq PHLX, the options exchange, filed a rule on September 8 that caps what member firms can give to employees of other companies: nothing over $300 per person per year, gratuities included. The Securities and Exchange Commission (SEC) published its notice of the filing on September 22.

Updated Sep 22