# 2026-10837: NYSE Tweak Aligns Penalties With FINRA Rules

2026-10837, Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change of Amendments to the Rule 10.8000 and Rule 10.9000 Series, is a Federal Register notice from Securities and Exchange Commission published 2026-06-01, effective 2026-05-19; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-10837
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-10837
- Title: Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change of Amendments to the Rule 10.8000 and Rule 10.9000 Series
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 32499
- Published: 2026-06-01
- Effective: 2026-05-19
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

NYSE Tweak Aligns Penalties With FINRA Rules

## Summary

NYSE National is updating its disciplinary rules to match recent changes made by FINRA, making the process smoother and clearer for everyone involved. These changes mainly affect ETP Holders (those who trade on the exchange) by pausing certain penalties automatically so the SEC can review them. The new rules take effect immediately, but they don’t change any fees or costs right now.

## Effects PRIA read

- Expulsions Paused for SEC Review: benefit, high. If the Exchange orders an expulsion, a membership cancellation, or denies continued membership for a disqualified ETP Holder, that action will not become effective until the time for filing an application for SEC review has expired or, if a timely application is filed, until the SEC completes its S…
- Right to Seek Stay Before Other Sanctions: benefit, medium. Exchange staff and adjudicators may give respondents and applicants an opportunity to seek a stay from the SEC or take other appropriate action before certain sanctions or regulatory measures (other than the expulsions/cancellations described above) take effect. This authority covers actions such a…
- Five-Business-Day Delay for Suspensions: benefit, medium. For notices under Rule 10.9557, if an ETP Holder fails to comply with requirements or restrictions, Exchange staff will issue a notice of suspension that becomes effective five business days after service of that notice. The notice must identify the alleged failures, state when the suspension will…
- Stay Opportunity for Cease-and-Desist Orders: benefit, medium. Adjudicators may allow applicants an opportunity to seek a stay from the SEC or take other appropriate action before temporary or permanent cease and desist orders under the Rule 10.9800 Series take effect. The Exchange amended Rules 10.9840, 10.9850, and 10.9870 so that those orders need not be im…

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## Sources
- [2026-10837 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/01/2026-10837/self-regulatory-organizations-nyse-national-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-10837 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-01/pdf/2026-10837.pdf)

## Related
- [Previous: 2026-10836, Self-Regulatory Organizations; National Securities Clearing Corporation; Order…](https://policyrisk.com/federal-register/2026-10836)
- [Next: 2026-10838, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-10838)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-10837 (as of 2026-06-08).