ARTICLE
20 October 2021

FINRA Proposes To Further Extend Pilot Program On Clearly Erroneous Transactions

CW
Cadwalader, Wickersham & Taft LLP

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Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA proposed extending a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities under FINRA Rule 11892.
United States Finance and Banking

FINRA proposed extending a pilot program that governs the review of "clearly erroneous transactions" in exchange-listed securities under FINRA Rule 11892. The pilot has been extended several times. The extension moves the expiration date from October 20, 2021, to April 20, 2022.

Comments on the extension must be submitted within 21 days of the proposal's publication in the Federal Register.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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