Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend temporary Supplementary Material .17 (Temporary Relief to Allow Remote Inspections for Calendar Years 2020 and 2021, and Through December 31 of Calendar Year 2022) under FINRA Rule 3110 (Supervision).
Summary
Member firms often encourage registered representatives to have succession plans in place to plan for expected or unexpected life events. Succession planning can benefit customers, member firms and registered representatives. This Notice discusses these benefits, as well as common types of succession plans. This Notice also provides an overview of related FINRA rules and administrative
On December 5, 2022, FINRA will re- platform the OTC Reporting Facility (ORF) to a new Linux-based operating system. This will include Trade Data Dissemination Service (TDDS) protocol changes FINRA previously announced.
A TDDS parallel production test period will run from Monday, November 7, 2022, through Friday, December 2, 2022. During this period both TDDS 2.0 multicast and TDDS 2.1 (MOLD/
Pennington Elected to One of Three Large-Firm Seats on FINRA Board
WASHINGTON—FINRA announced today that Penny Pennington, Managing Partner of Edward Jones, was elected as a large-firm governor of the FINRA Board of Governors at a special meeting of large-firm members.
“Penny’s leadership experience and knowledge of the industry will make her a valuable contributor to the Board of Governors’
As part of its Transparency Services improvement initiatives FINRA will re- platform the OTC Reporting Facility (ORF) to a new Linux-based operating system. These changes will include Trade Data Dissemination Service (TDDS) protocol changes, and ORF will begin supporting timestamps up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA’s equity trade reporting
As part of Transparency Services improvement initiatives, beginning on December 5, 2022, FINRA will re- platform the OTC Reporting Facility (ORF) to a new Linux-based operating system.
FINRA will offer ORF Clearing function testing in the test system (NTF) beginning Monday, October 31, 2022. This testing will allow ORF clients to view clearing transactions in TRAQS as well as confirming
The guidance provided in these FAQs pertains to the reporting to FINRA of “short” positions pursuant to FINRA Rule 4560 (Short-Interest Reporting) in OTC Equity securities, as defined in Rule 6420, and securities listed on a national securities exchange.
FINRA has rectified the TRAQS error clients observed this morning whereby a number of TRACE and ORF clients experienced problems submitting transactions to TRAQS.
TRAQS clients with questions regarding this issue should contact FINRA Market Operations at (866) 776-0800.
Regulations should be met not enforced, we should be able to invest freely and should not through rigorous processes nor have restrictions, its unconstitutional. At some point in your life you were all in our shoes, if not put yourself in them.
FINRA has observed a number of TRACE and ORF clients experiencing problems submitting transactions to TRAQS. Users are presented with an error related to the connection attempt.
FIX trade reporting is unaffected by this issue. FINRA is currently researching the problem and will provide an update when it is known.
TRAQS clients with questions regarding this issue should contact FINRA Market
