On June 14th, the SEC granted immediate effectiveness to FINRA's extension to January 27, 2012, the pilot program in FINRA Rule 6730(e)(4) that exempts from reporting to FINRA's Trade Reporting and Compliance Engine ("TRACE"), transactions in TRACE-Eligible Securities that are executed on a facility of the NYSE in accordance with NYSE Rules 1400, 1401, and 86, and reported to NYSE in accordance with NYSE's applicable trade reporting rules and disseminated publicly by NYSE. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of June 20. SEC Release No. 34-64665.