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 the
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 OTC
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.
