Government Shutdown Information

Regulators to Hold Outreach Event for Municipal Market Professionals

WASHINGTON— The Securities and Exchange Commission (SEC), the Municipal Securities Rulemaking Board (MSRB) and FINRA today announced that registration is now open for the 2025 Joint Compliance Outreach Program, a two-day event to discuss compliance and regulatory matters directly with municipal market professionals. The program will be held virtually via Zoom on November 18 and 19.

2023078259101 SEI Investments Distribution Co. CRD 10690 AWC lp (2025-1753402797893).pdf

FINRA’s Trade Reporting and Compliance Engine (TRACE) facilitates the mandatory reporting of certain securities transactions and provides increased price transparency to market participants and investors. From August 2013 to September 2021, SIDCO failed to report to TRACE approximately 19,160 transactions between itself and another member, Firm A, which acted as an executing broker to fill SIDCO's customers orders. For approximately 17,130 of these transactions, SIDCO inaccurately reported to TRACE and in customer trade confirmations. its execution capacity.

2021069344801 NewEdge Securities, LLC CRD 10674 AWC lp (2025-1753402797881).pdf

FINRA's Trade Reporting and Compliance Engine (TRACE) facilitates the mandatory reporting of certain securities transactions and provides increased price transparency to market participants and investors. From August 2013 to September 2021, NewEdge failed to report to TRACE approximately 19,160 transactions between itself and another member firm (Firm A). Further, from August 2013 to May 2021, NewEdge inaccurately reported to TRACE the capacity for approximately 2,690 transactions involving a different member firm (Firm B) and that member firm's successor (Firm C).

SR-FINRA-2025-010

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 6897(b) (CAT Cost Recovery Fees) to implement a Consolidated Audit Trail (“CAT”) cost recovery fee designed to permit FINRA to recoup its designated portion of the reasonably budgeted CAT costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”) for the period July 1, 2025 through December 31, 2025.

SR-FINRA-2025-009

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 6897 (Consolidated Audit Trail Funding Fees) to establish fees for Industry Members related to reasonably budgeted Consolidated Audit Trail (“CAT”) costs of the National Market System Plan Governing the Consolidated Audit Trail (the “CAT NMS Plan” or “Plan”) for the period from July 1, 2025 through December 31, 2025.

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