On October 26th, the Financial Industry Regulatory Authority announced that the SEC has approved amendments to FINRA Rule 4210 (Margin Requirements) related to option spread strategies, maintenance margin requirements for non-margin eligible equity securities, free-riding, "exempt accounts" and stress testing in portfolio margin accounts. The amendments related to option spread strategies become effective on October 26, 2012. All other amendments to FINRA Rule 4210 will become effective on January 23, 2013. FINRA Regulatory Notice 12-44.