SR-FINRA-2025-014

Rule Filing Status: Filed for Immediate Effectiveness

A proposed rule change to amend FINRA Rule 7620B (FINRA/NYSE Trade Reporting Facility Reporting Fees) to modify the trade reporting fees applicable to participants that use the FINRA/NYSE Trader Reporting Facility ("FINRA/NYSE TRF").

2022077148301 BMO Capital Markets Corp. CRD 16686 AWC vr (2025-1766794801913).pdf

From January 2021 through June 2025, BMO CMC failed to timely report approximately 2,400 securities transactions and inaccurately reported approximately 323,000 securities transactions to FINRA's Trade Reporting and Compliance Engine (TRACE), violating FINRA Rules 6730 and 2010. During that period, BMO CMC failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs ), that was reasonably designed to achieve compliance with TRACE reporting obligations, violating FINRA Rules 3110 and 2010.

SR-FINRA-2025-014

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 7620B (FINRA/NYSE Trade Reporting Facility Reporting Fees) to modify the trade reporting fees applicable to participants that use the FINRA/NYSE Trader Reporting Facility ("FINRA/NYSE TRF").
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