The FINRA Board of Governors will consider the following rulemaking items at its September 2013 meeting.
FINRA Entitlement Privacy Statement: Regulatory Users of Web CRD and IARD
FINRA Chairman and CEO Rick Ketchum is joined by lead governor Jack Brennan to discuss rulemaking actions and other issues discussed at FINRA’s July 11 Board of Governors meeting. In addition to the video, a summary of the board actions is also available.
The Trading Examinations Unit (“TEU”) within the Trading and Market Making Surveillance (“TMMS”) group of the Market Regulation Department at FINRA is conducting a review of the Firm’s controls and processes in connection with the development and use of trading algorithms , as well as controls surrounding automated trading technology.
The FINRA Board of Governors will consider the following rulemaking items at its July 2013 meeting.
The Trading Examinations Unit (TEU) of the Market Regulation Department at FINRA is conducting a review of Alternative Trading Systems (ATS) operated by XYZ Firm (the Firm). For the purpose of this inquiry, the term “ATS” means an ATS operated by the Firm and/or any affiliate of the Firm that is utilized to route orders or other messages into or out of the ATS.
SFTP Fees for Trade Journal Files
Firms that choose to subscribe to the TRACE, ORF, ORF Clearing, and/or ADF Data Delivery SFTP services will be assessed monthly charges for each MPID or clearing number they enroll in each service. Charges will appear in each facility's bill (e.g., TRACE charges will be included in the firms' monthly TRACE bills, ORF charges will be included in the
Standard access to the FINRA ADDS website allows individuals to request and view their TRACE trade journals for any date within the past 30 calendar days, and is available to users free of charge.
FINRA Rule 8210 (Provision of Information and Testimony and Inspection and Copying of Books) grants FINRA staff and adjudicators authority to inspect and copy the books, records and accounts of member firms, associated persons and other persons over whom FINRA has jurisdiction relating to investigations, complaints, examinations or proceedings.
Rulemaking topics discussed include:
Dissemination of TRACE-Eligible Rule 144A Transactions,
ADF Market Participant Requirements,
Arbitration Panel Composition,
Discovery Guide Used in Investor Arbitration Proceedings, and
Customer Account Statements.
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