| FINRA.org

Regulatory Notice 26-10

FINRA has adopted new intraday margin standards to replace in their entirety the outdated day trading margin requirements, including the day trade count requirements for designating a customer as a “pattern day trader” and the $25,000 pattern day trader minimum equity requirement.

Chris Spina

Chris Spina is Senior Vice President, Corporate Communications. In this role, he oversees FINRA’s internal and external communications functions, including executive communications, media relations, multimedia content and production, and digital and creative services.

2022076873501 Peter M. Rosten CRD 2973115 AWC vrp.pdf

From January to March 2022, Rosten entered limit buy orders in a thinly traded over-the-counter stock at prices just below the inside market for the stock while simultaneously selling the same stock. These buy orders created a false appearance of market activity in the stock to other market participants. Rosten therefore violated FINRA Rule 2010 by negligently contravening Section 17(a)(3) of the Securities Act of 1933. He is suspended in all capacities for four months and fined $25,000...
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