SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Financial Industry Regulatory Authority’s (FINRA’s) proposed Rule 5350. In its proposal, FINRA would retain the current transaction-based trigger for activating “stop” and “stop limit” orders that is set forth in existing FINRA Rule 6140, but also would permit members to offer an alternative trigger to activate a market or limit order, so long as such alternative order type is clearly distinguishable from a stop order or a stop limit order. (Re: Securities Exchange Act Release No. 34-67085 (File No. SR-FINRA-2012-026))