WASHINGTON—FINRA announced today that Jessica Hopper plans to leave FINRA on February 3, after an 18-year tenure culminating in her leadership of the Department of Enforcement. During her time as Head of Enforcement, FINRA brought numerous significant disciplinary actions to protect investors and markets, including its largest-ever enforcement action; prioritized returning money to harmed
FINRA has been made aware of an issue with clients reporting ORF cross trades via FIX. FINRA is aware of the issue and will institute a solution starting Tuesday, January 24, 2023. Cross trades entered via TRAQS are unaffected by this issue.
Contact FINRA Market Operations with questions regarding this notice.
During the span of employment, it’s not uncommon for two situations to arise with respect to retirement savings: the potential need to borrow from your retirement account, and a change in employer that raises the question of whether to roll your assets into a new plan or an IRA.
Loans
If you need cash, you might be tempted to borrow from your employer-sponsored plan rather than applying to a
FINRA:
Save-the-Max Calculator
Required Minimum Distribution Calculator
Annual Contribution Limits
Investor Insights: 5 Tips for Automatic Retirement Plan Investing
Investor Insights: The Beginner’s Guide to 401(k)s
Department of Labor:
A Look at 401(k) Fees
What You Should Know About Your Retirement Plan
IRS:
Retirement Plans
SEC:
Employment to Retirement
Pension Plans
Succession planning is important not just for customers and representatives but can even be a matter of life or death when it comes to the continued existence of a firm. On this episode, we hear how and why firms should plan for the expected and unexpected in life.
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Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15Fi-5 Security-based swap trading relationship documentation.
15Fi-5(a) Scope -
15Fi-5(a)(1) Applicability. The requirements of this section shall not apply to:
15Fi-5(a)(1)(i) Security-based swaps executed prior to the date on which a security-based swap dealer
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Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15Fi-4 Security-based swap portfolio compression.
15Fi-4(a) Portfolio compression with security-based swap dealers and major security-based swap participants -
15Fi-4(a)(1) Bilateral offset. Each security-based swap dealer and major security-based swap
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Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15Fi-3 Security-based swap portfolio reconciliation.
15Fi-3(a) Security-based swaps with security-based swap dealers or major security-based swap participants. Each security-based swap dealer and major security-based swap participant shall engage in portfolio
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Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15Fi-2 Acknowledgment and verification of security-based swap transactions.
15Fi-2(a) Trade acknowledgment requirement. In any transaction in which a security-based swap dealer or major security-based swap participant purchases from or sells to any counterparty a