On March 2nd, the SEC granted immediate effectiveness to separately submitted proposed rule changes from the New York Stock Exchange and NYSE Amex to add provisions for violations relating to the failure to observe high standards of commercial honor and just and equitable principles of trade. The rule changes enable each exchange to bring charges relating to failing to observe high standards of commercial honor and just and equitable principles of trade, against not only members and member organizations, but also against principal executives, approved persons, and employees of member organizations. This provision is consistent with current FINRA rules. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of March 8.