On July 26th, the SEC provided notice of the Financial Industry Regulatory Authority's amendment to its proposal to adopt NASD Rule 2340 ("Customer Account Statements") as FINRA Rule 2231 in the consolidated FINRA rulebook. As originally proposed, new FINRA Rule 2231 would have required each general securities member to send account statements at least once each calendar month to each customer whose account had activity during the period since the previous statement was sent to the customer. The amendment would exclude certain account activities from the proposed monthly account statement delivery requirement. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of August 1. SEC Release No. 34-64969.