Monday, November 08, 2010 3:09:04 PM
A Key date IMO is the 11th, as the new FINRA Law barring NSS goes into effect on that day. Not sure how enforceable it will be , but lots of things happening setting up a perfect storm, so to speak after that day.
SR-FINRA-2010-028
34-62288 Jun. 11, 2010 Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1, to Adopt NASD Rule 3210 (Short Sale Delivery Requirements) as FINRA Rule 4320 in the Consolidated FINRA Rulebook
Comments due: July 8, 2010
See also: Order: Rel. No. 34-62533
If I were running the show I would wait until at least that date to do anything. IMO
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