Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Proposed Rule Change To Amend the Codes of Arbitration Procedure To Provide for Attorney Representation of Non-Party Witnesses in Arbitration, 8169-8171 [2010-3393]
Download as PDF
Federal Register / Vol. 75, No. 35 / Tuesday, February 23, 2010 / Notices
2. Statutory Basis
IV. Solicitation of Comments
The basis under the Exchange Act for
this proposed rule change is the
requirement under Section 6(b)(5) 18
that an exchange have rules that are
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to remove impediments to, and
perfect the mechanism of a free and
open market and, in general, to protect
investors and the public interest. The
Exchange believes that the proposed
rule change will facilitate the listing and
trading of an additional type of
exchange-traded product that will
enhance competition among market
participants, to the benefit of investors
and the marketplace. In addition, the
listing and trading criteria set forth in
NYSE Arca Equities Rule 8.600 are
intended to protect investors and the
public interest.
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
No written comments were solicited
or received with respect to the proposed
rule change.
mstockstill on DSKH9S0YB1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the self-regulatory
organization consents, the Commission
will:
(A) By order approve the proposed
rule change, or
(B) Institute proceedings to determine
whether the proposed rule change
should be disapproved.
The Exchange has requested accelerated
approval of this proposed rule change
prior to the 30th day after the date of
publication of notice in the Federal
Register. The Commission is
considering granting accelerated
approval of the proposed rule change at
the end of a 15-day comment period.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–3464 Filed 2–22–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
No. SR–NYSEArca–2010–04 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
Station Place, 100 F Street, NE.,
Washington, DC 20549–1090.
[Release No. 34–61517; File No. SR–FINRA–
2010–006]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing of
Proposed Rule Change To Amend the
Codes of Arbitration Procedure To
Provide for Attorney Representation of
Non-Party Witnesses in Arbitration
February 16, 2010.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on January
22, 2010, the Financial Industry
All submissions should refer to File
Regulatory Authority, Inc. (‘‘FINRA’’) (f/
Number SR–NYSEArca–2010–04. This
k/a National Association of Securities
file number should be included on the
subject line if e-mail is used. To help the Dealers, Inc. (‘‘NASD’’)) filed with the
Securities and Exchange Commission
Commission process and review your
(‘‘SEC’’ or ‘‘Commission’’) the proposed
comments more efficiently, please use
only one method. The Commission will rule change as described in Items I, II,
post all comments on the Commission’s and III below, which Items have been
substantially prepared by FINRA. The
Internet Web site (https://www.sec.gov/
Commission is publishing this notice to
rules/sro.shtml). Copies of the
solicit comments on the proposed rule
submission, all subsequent
change from interested persons.
amendments, all written statements
I. Self-Regulatory Organization’s
with respect to the proposed rule
Statement of the Terms of Substance of
change that are filed with the
the Proposed Rule Change
Commission, and all written
communications relating to the
FINRA is proposing to amend Rule
proposed rule change between the
12602 of the Code of Arbitration
Commission and any person, other than Procedure for Customer Disputes
those that may be withheld from the
(‘‘Customer Code’’) and Rule 13602 of
public in accordance with the
the Code of Arbitration Procedure for
provisions of 5 U.S.C. 552, will be
Industry Disputes (‘‘Industry Code’’)
available for Web site viewing and
(together, ‘‘Codes’’) to provide that a
non-party witness may be represented
printing in the Commission’s Public
by an attorney at an arbitration hearing
Reference Room, on official business
while the witness is testifying.
days between the hours of 10 a.m. and
The text of the proposed rule change
3 p.m. Copies of such filing also will be
is available on FINRA’s Web site at
available for inspection and copying at
the principal office of the Exchange. All https://www.finra.org, at the principal
office of FINRA and at the
comments received will be posted
Commission’s Public Reference Room.
without change; the Commission does
not edit personal identifying
II. Self-Regulatory Organization’s
information from submissions. You
Statement of the Purpose of, and
should submit only information that
Statutory Basis for, the Proposed Rule
you wish to make available publicly. All Change
submissions should refer to File
In its filing with the Commission,
Number SR–NYSEArca–2010–04 and
FINRA included statements concerning
should be submitted on or before March
19 17 CFR 200.30–3(a)(12).
10, 2010.
1 15
18 15
U.S.C. 78f(b)(5).
VerDate Nov<24>2008
16:25 Feb 22, 2010
2 17
Jkt 220001
8169
PO 00000
Frm 00139
Fmt 4703
Sfmt 4703
E:\FR\FM\23FEN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
23FEN1
8170
Federal Register / Vol. 75, No. 35 / Tuesday, February 23, 2010 / Notices
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. FINRA has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
mstockstill on DSKH9S0YB1PROD with NOTICES
1. Purpose
FINRA is proposing to amend Rules
12602 and 13602 of the Codes to
provide that a non-party witness has the
right to be represented by an attorney at
an arbitration proceeding held in a
United States hearing location while the
witness is testifying. The attorney
would have to be in good standing and
admitted to practice before the Supreme
Court of the United States or the highest
court of any State of the United States,
the District of Columbia, or any
commonwealth, territory, or possession
of the United States, unless State law
prohibits such representation. Under the
proposed rule change, the panel would
determine the extent to which the
attorney could participate at the
hearing.
The Codes expressly allow a party to
be represented at any stage in an
arbitration proceeding.3 They do not
address representation of a non-party
witness. FINRA believes that a nonparty witness should be entitled to be
represented by an attorney while he or
she is testifying. Currently, under the
Codes, the arbitration panel determines
if a non-party witness’ attorney may
attend a hearing.4 A non-party witness
may testify at a hearing: (1) Voluntarily;
(2) pursuant to a subpoena; 5 or (3) in
compliance with an arbitrator’s order for
an associated person to appear and give
testimony.6
3 Rules 12208 and 13208 (Representation of
Parties) provide that parties have the right to be
represented by an attorney at any stage in an
arbitration proceeding. They also allow parties to be
represented by a person who is not an attorney
subject to certain limitations.
4 Rules 12602 and 13602 (Attendance at Hearings)
provide that parties and their representatives are
entitled to attend all hearings and that, absent
persuasive reasons to the contrary, expert witnesses
should also be permitted to attend all hearings. The
panel determines who else may attend any or all
hearings.
5 Rules 12512 and 13512 (Subpoenas) provide
that arbitrators have the authority to issue
subpoenas for the production of documents or the
appearance of witnesses. The rules permit a party
to make a written motion requesting that an
arbitrator issue a subpoena to a party or a non-party.
6 Rules 12513 and 13513 (Authority of Panel to
Direct Appearances of Associated Person Witnesses
VerDate Nov<24>2008
16:25 Feb 22, 2010
Jkt 220001
While the proposed rule change
would apply to all non-party witnesses,
in many instances when a non-party is
testifying at a FINRA arbitration
hearing, the non-party witness is an
associated person who handled the
customer claimant’s account, but was
not named as a respondent in the case.
Under the current Codes, the arbitrators
determine whether an associated person
can bring an attorney to a hearing.
FINRA does not believe that arbitrators
have been denying requests by nonparty witnesses to be represented by
counsel while testifying; nevertheless,
to assure due process in its dispute
resolution forum, FINRA believes that
the Codes should expressly provide that
a non-party witness is entitled to be
represented by an attorney while
testifying.
2. Statutory Basis
FINRA believes that the proposed rule
change is consistent with the provisions
of Section 15A(b)(6) of the Act,7 which
requires, among other things, that
FINRA rules must be designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, and, in
general, to protect investors and the
public interest. The proposed rule
change is consistent with FINRA’s
statutory obligations under the Act to
protect investors and the public interest
because the proposal would enhance
fairness in the arbitration process by
ensuring that a non-party witness may
be represented by counsel during his or
her testimony.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
and Production of Documents Without Subpoenas)
provide that the panel may order the appearance of
any employee or associated person of a FINRA
member.
7 15 U.S.C. 78o–3(b)(6).
PO 00000
Frm 00140
Fmt 4703
Sfmt 4703
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the self-regulatory
organization consents, the Commission
will:
(A) By order approve such proposed
rule change, or
(B) Institute proceedings to determine
whether the proposed rule change
should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–FINRA–2010–006 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street, NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–FINRA–2010–006. This file
number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of
FINRA. All comments received will be
posted without change; the Commission
does not edit personal identifying
information from submissions. You
E:\FR\FM\23FEN1.SGM
23FEN1
Federal Register / Vol. 75, No. 35 / Tuesday, February 23, 2010 / Notices
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number SR–FINRA–2010–006 and
should be submitted on or before March
16, 2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–3393 Filed 2–22–10; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
Privacy Act of 1974, as Amended;
Proposed System of Records and
Routine Use Disclosures
AGENCY:
I. Background and Purpose of the ALJ/
PAMC System of Records
Social Security Administration
(SSA).
ACTION: Proposed System of Records and
Routine Uses.
mstockstill on DSKH9S0YB1PROD with NOTICES
SUMMARY: In accordance with the
Privacy Act (5 U.S.C. 552a(e)(4) and
(e)(11)), we are issuing public notice of
our intent to establish a new system of
records and routine uses applicable to
this system of records entitled, the
Administrative Law Judge/Public
Alleged Misconduct Complaints System,
60–0356 (the ALJ/PAMC system of
records). We will use the information
covered by the system of records to
manage and monitor complaints filed
against Administrative Law Judges
(ALJ). We discuss the system of records
and routine use disclosures in the
Supplementary Information section
below. We invite public comments on
this proposal.
DATES: We filed a report of the ALJ/
PAMC system of records and routine use
disclosures with the Chairman of the
Senate Committee on Homeland
Security and Governmental Affairs, the
Chairman of the House Committee on
Oversight and Government Reform, and
the Administrator, Office of Information
and Regulatory Affairs, Office of
Management and Budget (OMB) on
February 12, 2010. The ALJ/PAMC
system of records and routine uses will
become effective on March 14, 2010,
unless we receive comments before that
date that would result in a contrary
determination.
Interested persons may
comment on this publication by writing
to the Executive Director, Office of
Privacy and Disclosure, Office of the
General Counsel, Social Security
Administration, Room 3–A–6
ADDRESSES:
8 17
CFR 200.30–3(a)(12).
VerDate Nov<24>2008
16:25 Feb 22, 2010
Jkt 220001
Operations Building, 6401 Security
Boulevard, Baltimore, Maryland 21235–
6401. All comments we receive will be
available for public inspection at the
above address.
FOR FURTHER INFORMATION CONTACT:
Earlene Whitworth Hill, Social
Insurance Specialist, Disclosure Policy
Development and Services Division I,
Office of Privacy and Disclosure, Office
of the General Counsel, Social Security
Administration, Room 3–A–6
Operations Building, 6401 Security
Boulevard, Baltimore, Maryland 21235–
6401, telephone: (410) 965–1817, e-mail:
earlene.whitworth.hill@ssa.gov.
SUPPLEMENTARY INFORMATION:
A. General Background
Our Office of Disability Adjudication
and Review (ODAR) includes a
nationwide field organization staffed
with ALJs who conduct impartial
hearings and make decisions on appeals
filed by claimants and their advocates or
representatives on their behalf.
Claimants and their advocates or
representatives may file a complaint
against an ALJ if they believe the ALJ
was biased or engaged in improper
conduct. Persons may make complaints
in writing to our Office of the Chief
Administrative Law Judge and to our
regional and hearing offices. We also
receive complaints through our Appeals
Council, agents at our National 800
Telephone Number Network, our Office
of the Inspector General Hotline, and
congressional offices on behalf of their
constituents. We review, investigate,
and respond to such complaints.
At present, we do not have a good
mechanism to track complaints about
ALJs from initiation to resolution. This
weakness makes it difficult for us to
identify and resolve service delivery
issues, and also impairs customer
service. This system of records will help
us improve service to the public by
creating a centrally managed, electronic
method to collect, monitor, and retrieve
information concerning complaints
about ALJs.
The ALJ/PAMC system of records will:
• Provide us with information to
manage and respond to complaints,
which in turn will help us monitor and
improve customer service and reduce
manual work;
• Provide us with information to
process, review, or investigate
complaints filed;
• Provide us with information related
to the complaint, including the name of
the claimant and other identifying
information, the name of the claimant’s
PO 00000
Frm 00141
Fmt 4703
Sfmt 4703
8171
advocate or representative, if any, and
information about the ALJ who
allegedly committed misconduct; and
• Provide us with management
information to document, monitor, and
track complaints about ALJs, to identify
patterns of improper ALJ behavior that
may require further review and action,
and to assist us in deterring recurring
incidences of ALJ bias or misconduct.
B. Collection and Maintenance of the
Data for the ALJ/PAMC System of
Records
We will collect and maintain
information from complaints filed
against ALJs in an electronic system
covered by the ALJ/PAMC system of
records. We will collect information
relating to the complaint, case analyses,
results of the review or investigation,
location of the hearing or regional office,
ALJ duty station, Federal court if the
complaint is raised at the Federal court
level, and copies of relevant
correspondence.
We will collect information about the
claimant (or claimant’s advocate or
representative) filing the complaint such
as name, Social Security number (SSN),
date of birth, address, gender, race or
ethnic background (if readily available),
and relevant claims-related information.
We will also collect information about
the ALJ named in the complaint, such
as name, ALJ assigned number, and
tracking and control log numbers.
Since we will retrieve information
from this system using names and other
personal identifiers, the ALJ/PAMC
information collection is a system of
records, as defined by the Privacy Act.
II. Routine Use Disclosures of Data
Covered by the ALJ/PAMC System of
Records
A. Routine Use Disclosures
We propose to establish the following
routine uses of information that will be
covered by the ALJ/PAMC system of
records.
1. To the Office of the President in
response to an inquiry from that office
made at the request of the subject of the
record or a third party on that person’s
behalf.
We will disclose information under
this routine use only when the Office of
the President makes an inquiry relating
to information contained in this system
of records and indicates that it is acting
on behalf of the person whose record is
requested (e.g., ALJ, claimant,
claimant’s advocate or representative, if
any).
2. To a congressional office in
response to an inquiry from that office
made at the request of the subject of a
E:\FR\FM\23FEN1.SGM
23FEN1
Agencies
[Federal Register Volume 75, Number 35 (Tuesday, February 23, 2010)]
[Notices]
[Pages 8169-8171]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-3393]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-61517; File No. SR-FINRA-2010-006]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Filing of Proposed Rule Change To Amend the
Codes of Arbitration Procedure To Provide for Attorney Representation
of Non-Party Witnesses in Arbitration
February 16, 2010.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on January 22, 2010, the Financial Industry Regulatory Authority, Inc.
(``FINRA'') (f/k/a National Association of Securities Dealers, Inc.
(``NASD'')) filed with the Securities and Exchange Commission (``SEC''
or ``Commission'') the proposed rule change as described in Items I,
II, and III below, which Items have been substantially prepared by
FINRA. The Commission is publishing this notice to solicit comments on
the proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
FINRA is proposing to amend Rule 12602 of the Code of Arbitration
Procedure for Customer Disputes (``Customer Code'') and Rule 13602 of
the Code of Arbitration Procedure for Industry Disputes (``Industry
Code'') (together, ``Codes'') to provide that a non-party witness may
be represented by an attorney at an arbitration hearing while the
witness is testifying.
The text of the proposed rule change is available on FINRA's Web
site at https://www.finra.org, at the principal office of FINRA and at
the Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, FINRA included statements
concerning
[[Page 8170]]
the purpose of and basis for the proposed rule change and discussed any
comments it received on the proposed rule change. The text of these
statements may be examined at the places specified in Item IV below.
FINRA has prepared summaries, set forth in sections A, B, and C below,
of the most significant aspects of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
FINRA is proposing to amend Rules 12602 and 13602 of the Codes to
provide that a non-party witness has the right to be represented by an
attorney at an arbitration proceeding held in a United States hearing
location while the witness is testifying. The attorney would have to be
in good standing and admitted to practice before the Supreme Court of
the United States or the highest court of any State of the United
States, the District of Columbia, or any commonwealth, territory, or
possession of the United States, unless State law prohibits such
representation. Under the proposed rule change, the panel would
determine the extent to which the attorney could participate at the
hearing.
The Codes expressly allow a party to be represented at any stage in
an arbitration proceeding.\3\ They do not address representation of a
non-party witness. FINRA believes that a non-party witness should be
entitled to be represented by an attorney while he or she is
testifying. Currently, under the Codes, the arbitration panel
determines if a non-party witness' attorney may attend a hearing.\4\ A
non-party witness may testify at a hearing: (1) Voluntarily; (2)
pursuant to a subpoena; \5\ or (3) in compliance with an arbitrator's
order for an associated person to appear and give testimony.\6\
---------------------------------------------------------------------------
\3\ Rules 12208 and 13208 (Representation of Parties) provide
that parties have the right to be represented by an attorney at any
stage in an arbitration proceeding. They also allow parties to be
represented by a person who is not an attorney subject to certain
limitations.
\4\ Rules 12602 and 13602 (Attendance at Hearings) provide that
parties and their representatives are entitled to attend all
hearings and that, absent persuasive reasons to the contrary, expert
witnesses should also be permitted to attend all hearings. The panel
determines who else may attend any or all hearings.
\5\ Rules 12512 and 13512 (Subpoenas) provide that arbitrators
have the authority to issue subpoenas for the production of
documents or the appearance of witnesses. The rules permit a party
to make a written motion requesting that an arbitrator issue a
subpoena to a party or a non-party.
\6\ Rules 12513 and 13513 (Authority of Panel to Direct
Appearances of Associated Person Witnesses and Production of
Documents Without Subpoenas) provide that the panel may order the
appearance of any employee or associated person of a FINRA member.
---------------------------------------------------------------------------
While the proposed rule change would apply to all non-party
witnesses, in many instances when a non-party is testifying at a FINRA
arbitration hearing, the non-party witness is an associated person who
handled the customer claimant's account, but was not named as a
respondent in the case. Under the current Codes, the arbitrators
determine whether an associated person can bring an attorney to a
hearing. FINRA does not believe that arbitrators have been denying
requests by non-party witnesses to be represented by counsel while
testifying; nevertheless, to assure due process in its dispute
resolution forum, FINRA believes that the Codes should expressly
provide that a non-party witness is entitled to be represented by an
attorney while testifying.
2. Statutory Basis
FINRA believes that the proposed rule change is consistent with the
provisions of Section 15A(b)(6) of the Act,\7\ which requires, among
other things, that FINRA rules must be designed to prevent fraudulent
and manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest. The proposed rule change is consistent with FINRA's
statutory obligations under the Act to protect investors and the public
interest because the proposal would enhance fairness in the arbitration
process by ensuring that a non-party witness may be represented by
counsel during his or her testimony.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78o-3(b)(6).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
FINRA does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Within 35 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
(A) By order approve such proposed rule change, or
(B) Institute proceedings to determine whether the proposed rule
change should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-FINRA-2010-006 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-FINRA-2010-006. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments,
all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for Web site
viewing and printing in the Commission's Public Reference Room, 100 F
Street, NE., Washington, DC 20549, on official business days between
the hours of 10 a.m. and 3 p.m. Copies of such filing also will be
available for inspection and copying at the principal office of FINRA.
All comments received will be posted without change; the Commission
does not edit personal identifying information from submissions. You
[[Page 8171]]
should submit only information that you wish to make available
publicly. All submissions should refer to File Number SR-FINRA-2010-006
and should be submitted on or before March 16, 2010.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-3393 Filed 2-22-10; 8:45 am]
BILLING CODE 8011-01-P