FINRA Issues Regulatory Notice 26-17, Approving Amendments to FINRA Rule 4515.01 Regarding Investment Adviser Batch Order Allocations

FINRA has issued Regulatory Notice 26-17, approving amendments to FINRA Rule 4515.01 regarding investment adviser batch order allocations, which will take effect on November 16, 2026. This amendment removes the requirement that investment adviser batch order allocations received after the close of trading be reviewed and approved by a principal, while retaining existing investor protection provisions. The amendment is part of the FINRA Forward initiative, which aims to simplify rules and reduce unnecessary operational burdens.