The 1 minute rule proposed would be very difficult for small broker dealers to keep, and would represent a major hurdle to our fixed income business. Most small broker dealers as is our case do not have a dedicate trading desk to handle this proposed new 1 minute rule, nor do they have the state of the art software that big firms may have access to. While compliance may be possible, this would
As previously announced, FINRA is introducing changes to the current Trade Data Dissemination Service (TDDS 2.0). protocol and structure.1 These changes are being made in concert with FINRA’s technical infrastructure upgrade, and TDDS clients must accommodate them by December 5, 2022; as of that date the current TDDS 2.0 version will no longer be supported. FINRA is offering testing for
Firm Failed to Report Over-the-Counter Options Positions in More Than 7.4 Million Instances
WASHINGTON—FINRA announced today that it has fined BofA Securities Inc. (BofAS) $5 million for failing to report over-the-counter (OTC) options positions to the Large Options Positions Reporting system (LOPR) in more than 7.4 million instances, including 26 positions that were over the applicable
Everyone worldwide is equal. We all should have the God given right to invest our funds as we see fit for any asset.
FINRA has resolved the issue affecting the submission of TRACE or Over the Counter Reporting Facility (ORF) forms and access to Participant Data Management.
Firms should contact FINRA Market Operations or call (866) 776-0800 if there are any remaining questions regarding these issues.
