June 27, 2003NASD is publishing this article to provide guidance to members regarding their Order Audit Trail System (OATS) reporting requirements when using more than one market participant identifier (MPID) to display or execute OATS reportable orders.1 If a firm elects to use more than one MPID, the firm must continue to submit its OATS data to NASD in the format prescribed in both the OATS
October 30, 2003OATS Phase 3 reporting of manual orders has not yet been approved by the SEC. NASD, however, is reminding firms that have previously submitted an OATS Subscriber Initiation and Registration Form ("SIRF") indicating that they are Phase 3 firms to periodically review their business model and order handling processes to ensure they continue to qualify as a Phase 3 firm. If
April 6, 2004
NASD is publishing this article to remind members of the definition of "electronic order" reportable under the current OATS Phase 2. The general definition of an electronic order is an order that is captured electronically in an order handling/routing or execution system. An order is deemed electronic by how the order ultimately is captured, even if the order initially is
April 6, 2004
NASD reminds firms that OATS Cancel Reports need not be submitted for Immediate or Cancel ("IOC") or Fill or Kill ("FOK") orders that are not immediately executed. Firms receiving these types of orders are required to include the IOC or FOK special handling code on the OATS New Order or Combined type reports.
An IOC order requires that all or part of the
August 2, 2004NASD reminds firms that when an NASD member firm receives or originates an order and electronically routes that order to another member firm, the routing firm must provide a Routed Order ID to the receiving firm. (This requirement does not apply when routing to an ECN or to a non-member.) Both the routing firm and the receiving firm must record and report this Routed Order ID to
September 2, 2004NASD reminds member firms and non-member reporting and transmitting entities to regularly update contact information via the OATS Web Interface. NASD also urges firms to include a valid, working email address as part of the contact information. NASD sends updates concerning OATS via an email push. This email goes to all contacts in the OATS Web Interface that have included a
A Snapshot Report is generated from the Central Registration Depository (CRD®) and provides background information on an individual's securities and investment advisory experience and related qualifications.
1. What types of Dual Deficiencies exist?
There are three deficiencies: RR/RR, RR/RA, RA/RA. A state may have different requirements for each registration combination. Contact the state regulator directly.
FINRA President and CEO Robert Cook, Chairman Bill Heyman, Board members and FINRA staff provide updates on the September 2017 FINRA Board of Governors meeting, including the rule proposals, committee news and other items that were discussed.
Proposed Rule Change to Amend Section 13 of Schedule A to the FINRA By-Laws Relating to the Review Charges for Communications Filed with or Submitted to FINRA
