Document ID: SEC-2018-1312-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Financial Industry Regulatory Authority, Inc.
Posted Date: 2018-08-21T04:00Z

[Federal Register Volume 83, Number 162 (Tuesday, August 21, 2018)]
[Notices]
[Page 42340]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17958]

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SECURITIES AND EXCHANGE COMMISSION

[Securities Exchange Act of 1934; Release No. 34-83856/August 15, 2018]

Order Granting Petition for Review and Scheduling Filing of 
Statements

In the Matter of Financial Industry Regulatory Authority, Inc.
For an Order Granting the Approval of Proposed Rule Change to Adopt 
FINRA Rule 1113 (Restriction Pertaining to New Member Applications) 
and to Amend the FINRA Rule 9520 Series (Eligibility Proceedings) 
(File No. SR-FINRA-2010-056)

    This matter comes before the Securities and Exchange Commission 
(``Commission'') on petition to review the approval, pursuant to 
delegated authority, of the Financial Industry Regulatory Authority, 
Inc. (``FINRA'') proposed rule change to adopt FINRA Rule 1113 
(Restriction Pertaining to New Member Applications) and to amend the 
FINRA Rule 9520 Series (Eligibility Proceedings).
    On November 15, 2010, the Commission issued a notice of filing of 
the proposed rule change filed with the Commission pursuant to Section 
19(b)(1) of the Securities Exchange Act of 1934 (``Exchange Act'') \1\ 
and Rule 19b-4 \2\ thereunder.\3\ The proposed rule change was 
published for comment in the Federal Register on November 22, 2010.\4\ 
On February 18, 2011, after consideration of the record for the 
proposed rule change, the Division of Trading and Markets 
(``Division''), pursuant to delegated authority,\5\ approved the 
proposed rule change (``Approval Order'').\6\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Exchange Act Release No. 63316 (Nov. 15, 2010), 75 FR 
71166 (Nov. 22, 2010) (File No. SR-FINRA-2010-056).
    \4\ See Id.
    \5\ 17 CFR 200.30 3(a)(12).
    \6\ See Exchange Act Release No. 63933 (Feb. 18, 2011), 76 FR 
10629 (Feb. 25, 2011).
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    On March 4, 2011, pursuant to Commission Rule of Practice 430,\7\ 
Manuel P. Asensio (``Asensio'') filed a petition for review of the 
Approval Order. Pursuant to Commission Rule of Practice 431(e), the 
Approval Order was stayed by the filing with the Commission of a notice 
of intention to petition for review.\8\ Pursuant to Rule 431 of the 
Rules of Practice,\9\ the petition for review of the Approval Order is 
granted. Further, the Commission hereby establishes that any party to 
the action or other person may file a written statement in support of 
or in opposition to the Approval Order on or before September 5.
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    \7\ 17 CFR 201.430.
    \8\ 17 CFR 201.431(e).
    \9\ 17 CFR 201.431.
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    For the reasons stated above, it is hereby:
    Ordered that Asensio's petition for review of the Division's action 
to approve the proposed rule change by delegated authority be Granted; 
and
    It is further Ordered that any party or other person may file a 
statement in support of or in opposition to the action made pursuant to 
delegated authority on or before September 5.
    It is further Ordered that the Approval Order shall remain stayed 
pending further order by the Commission.

    By the Commission.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-17958 Filed 8-20-18; 8:45 am]
BILLING CODE 8011-01-P