Rule lifecycle · DOCKET:File No. SR-FINRA-2026-007
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Partial Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Partial Amendment No. 1, to Exempt Specified Collective Trust Funds From FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Public Offerings) and 5131(b) (New Issue Allocations and Distributions)
Securities and Exchange Commission — observed across 2 documents over 56 days. Use the source documents below before deciding whether this affects your business.
In plain English
FINRA is allowing certain pooled retirement investment funds to buy more shares from companies going public and distribute those shares more freely. Small business owners with retirement plans should ask their financial advisor if this change affects their investment options or costs.
First seen
May 19, 2026
Last seen
Jul 14, 2026
Latest stage
Notice
PRORULE → RULE
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Stage timeline
Notice·May 19, 2026·91 FR 29201
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Exempt Specified Collective Trust Funds From FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and 5131(b) (New Issue Allocations and Distributions)
#2026-09959
Notice·Jul 14, 2026·91 FR 43127
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Partial Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Partial Amendment No. 1, to Exempt Specified Collective Trust Funds From FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Public Offerings) and 5131(b) (New Issue Allocations and Distributions)
#2026-14105