On February 10th, the SEC disapproved the Financial Industry Regulatory Authority's proposal to delete the provisions of Rule 6140 relating to the handling of stop orders in NMS stocks by member firms. The provision requires that stop orders offered by member firms be triggered (i.e., become a market order or limit order) by a transaction in the security. By proposing to eliminate that provision, FINRA would effectively have allowed member firms to offer stop orders to customers that are triggered by a transaction, a quote or another mechanism altogether. SEC Release No. 34-63885.