On July 14th, the SEC granted immediate effectiveness to the Financial Industry Regulatory Authority's proposed adoption of FINRA Rule 0180 (Application of Rules to Security-Based Swaps). The proposed rule would, with certain exceptions, temporarily limit the application of FINRA rules with respect to security-based swaps. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of July 18. SEC Release No. 34-64884.