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Figure 4.1 SPAC Filings by Year and Size, 2017-20211
(in millions of USD)
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Source: FINRA Public Offering Filing System. Data as of February 2022.
11Special purpose acquisition companies (SPACs) are shell companies that raise capital in initial public offerings (IPOs) for the purpose of merging with or acquiring an operating company.
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FINRA has taken disciplinary actions against the following firms and individuals for violations of FINRA rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
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FINRA collects certain market data as part of its role in overseeing trading and providing transparency services. Following are select tables drawn from that data.
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Table 3.1 National Market Systems (NMS) Stocks Trading Summary, 2017–2021
Table 3.2 National Market Systems (NMS) Stocks Trading by Venue Type, 2018–2021
Figure 3.1 Monthly National Market Systems (NMS)
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Figure 2.1 Total Number of FINRA-Registered Firms, 2017−2021
Figure 2.2 Firm Distribution by Size, 2017−2021
Table 2.2 Firm Distribution by Size, 2017−2021
Figure 2.3 Securities Industry Registered Firms by Type of Registration, 2012−2021
Table 2.3 Securities Industry Registered Firms by Type of Registration, 2012−2021
Figure 2.4 Distribution of Branches by Firm
Summary
Chief Compliance Officers (CCOs) at member firms play a vital role. For example, CCOs and their compliance teams help design and implement compliance programs, help educate and train firm personnel, and work in tandem with senior business management and legal departments to foster compliance with regulatory requirements. In this way, CCOs help promote strong compliance practices that
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Figure 1.2 FINRA-Registered Representatives by Firm Size
Table 1.2 FINRA-Registered Representatives by Firm Size, 2017–2021
Figure 1.3 Average and Median Number of FINRA-Registered Representatives per Firm
Table 1.3 Average and Median Number of FINRA-Registered Representatives per Firm, 2017–2021
Figure 1.4 Securities Industry Registered Individuals by Type of
Summary
FINRA seeks comment on a proposal to accelerate arbitration case processing when requested by parties who are seriously ill or are at least 75 years old. The proposal would help ensure that these parties are able to participate meaningfully in FINRA arbitration by shortening certain case processing deadlines for parties and arbitrators under the Codes.
The text of the proposed
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend the pilot period related to FINRA Rule 6121.02 (Market-wide Circuit Breakers in NMS Stocks) to the close of business on April 18, 2022.
Thank you for your letter of February 9, 2022, requesting information regarding the arbitrator selection process FINRA Dispute Resolution Services (DRS) uses, and how at process. FINRA takes this issue very seriously and is fully committed to ensuring the integrity of the arbitrator selection process.