FINRA is committed to working with the CAT NMS Plan Participants, the Securities and Exchange Commission and the securities industry to ensure an efficient and effective implementation of the Consolidated Audit Trail.
News Releases & Statements
WASHINGTON –Institutional orders routed by brokers that send a relatively high percentage of such orders through affiliated alternative trading systems (ATSs) tend to receive lower order fill rates and higher execution costs, according to a new
Fines to be Waived for Firms Notifying FINRA by April 1; Initiative Stresses Restitution and Rapid Remediation
WASHINGTON – FINRA today announced via Regulatory Notice 19-04 a self-reporting initiative to promptly compensate harmed investors and promote firms’ compliance with the rules governing the recommendation of 529 savings plans.
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Daily Market Activity Soars 87 Percent to New Record
28 of the 30 Most-Active Dates in History Occur in 4Q 2018
New High of 135 Billion Records/Day Almost Quadruples 2017’s Daily Average
Before 2018, All-Time High Was 75 Billion Records in Single Day; That’s 34 Billion Fewer Than an Average Day in December 2018
WASHINGTON — FINRA today released its 2019 Risk Monitoring and Examination Priorities Letter, highlighting new priorities as well as identifying areas of ongoing concern that FINRA will continue to review in the coming year. This year’s letter’s focus on materially new issues may help firms better identify those priorities that are relevant to their business.
Among the emerging issues identified in the letter as areas of focus in 2019 are:
WASHINGTON - FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $10 million for anti-money laundering (AML) program and supervisory failures that spanned a period of more than five years.
FINRA found that Morgan Stanley’s AML program failed to meet the requirements of the Bank Secrecy Act because of three shortcomings:
Sixteen Libraries in Eight States Each Received $5,000 to Expand Personal Finance Collections and Educate Consumers About Financial Fraud
WASHINGTON – This holiday season, the FINRA Foundation is giving back to local libraries to help them provide resources to communities impacted by some of the nation’s most devastating and deadly natural disasters this year.
Board Approves Rule Proposals, Reviews 2019 Budget and Appoints New Public Governor
WASHINGTON – FINRA’s Board of Governors met on Dec. 12-13 at FINRA’s offices in New York, where it approved two rule proposals—both related to the dispute resolution forum—and approved the organization’s 2019 budget.
IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.
WASHINGTON - FINRA announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. for improperly selling shares in initial public offerings (IPOs) to industry insiders, including its employees’ immediate family members and customers who were brokers at other brokerage firms. Merrill Lynch will pay a $5.5 million fine, and disgorge $490,530 it earned as revenue from the sales.
WASHINGTON – FINRA today published its
Report on Selected Cybersecurity Practices - 2018
, a detailed review of effective information-security controls at securities firms.