On October 17th, SEC provided notice of FINRA's filing of a proposal adopting NASD Rule 2320 (Best Execution and Interpositioning), and Interpretive Material 2320, as FINRA Rule 5310 in the Consolidated Rulebook with several changes. The proposed rule change (i) replaces the Three Quote Rule with Supplementary Material emphasizing a member's best execution obligations when handling an order involving any security, equity or debt, for which there is limited pricing information available; (ii) includes Supplementary Material codifying a FINRA member's obligations when it undertakes a regular and rigorous review of execution quality likely to be obtained from different market centers; (iii) includes new Supplementary Material concerning FINRA members' best execution obligations when handling orders for foreign securities; and (iv) includes Supplementary Material addressing situations where the customer has, on an unsolicited basis, specifically instructed the FINRA member to route its order to a particular market. Comments should be submitted on or before November 14, 2011. SEC Release No. 34-65579.