Stablecoins are digital assets that aim to manage volatility by tracking the values of more stable assets, such as fiat currencies like the U.S. dollar. Though the name might imply otherwise, stablecoins are not without risks for investors.
Monthly Disciplinary Actions April 2020
In observance of Presidents’ Day, the Over-the-Counter Reporting Facility (ORF) will be closed on Monday, February 17, 2020. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
Summary
FINRA has amended its Rule 5110 (Corporate Financing Rule - Underwriting Terms and Arrangements) to make substantive, organizational and terminology changes to the rule.1 The amendments to Rule 5110 modernize, simplify and clarify its provisions while maintaining important protections for market participants, including issuers and investors participating in public offerings. The
December
Total Trades
Total Par Value (000s)
Average
Daily Trades
Average Daily
Par Value (000s)
CORP
1,330,192
662,951,264
60,463
30,134,148
CONV
38,576
44,130,666
1,753
2,005,939
CHRC
687
18,444
31
838
ELN
13,329
1,500,704
606
68,214
AGCY
33,810
79,725,934
FINRA members that trade securities listed on the NYSE ("Tape A"), Amex and regional exchanges ("Tape B"), or Nasdaq ("Tape C") in over-the-counter transactions reported to the FINRA/Nasdaq Trade Reporting Facility may receive from the FINRA/Nasdaq Trade Reporting Facility transaction credits based on the transactions attributed to them. A transaction is attributed
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rules 7610A and 7620A to eliminate transaction credits and trade reporting fees applicable to Retail Participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret (the “FINRA/Nasdaq TRF Carteret”) and the FINRA/
FINRA experienced an issue this morning with the processing of OTC Transparency Data, (for both ATS and Non-ATS data sets) in OTCE securities for the week of December 30, 2019. The issue has now been resolved and all files and data have been published.
If you have any questions, please contact ATS Support.
FINRA is experiencing an issue with the processing of OTC Transparency Data (for both ATS and Non-ATS data sets) in OTCE securities for the week of December 30, 2019. FINRA will update users when this issue has been resolved.
If you have any questions, please contact ATS Support.
Summary
Effective February 18, 2020, the Section 31 fee rate applicable to specified securities transactions on the exchanges and in the over-the-counter markets will increase from its current rate of $20.70 per million dollars in transactions to a new rate of $22.10 per million dollars in transactions.
Finance-related questions should be directed to Amanda Rath, Manager, Finance, at (240) 386-
