WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel barred broker Hank Mark Werner of Northport, New York, for fraudulently churning and excessively trading the accounts of his customer – a blind, elderly widow – and for making unsuitable recommendations. The hearing panel also ordered Werner to pay more than $155,000 in restitution
November 26, 2001When an Reportable Order Event (ROE) has been rejected, repaired, and is resubmitted, it is imperative that reporting members populate the Rejected ROE Resubmit Flag field with a value of "Y". The Rejected ROE Resubmit Flag of "Y" indicates that the ROE being submitted to OATS was previously rejected from or submitted to OATS. This particular value must be
November 2017
The Trading & Financial Compliance Examinations (TFCE) section of the Market Regulation Department (Market Regulation) at the Financial Industry Regulatory Authority, Inc. (FINRA) is conducting a review of [FIRM] concerning the impact the receipt of order routing inducements, such as payment for order flow and maker-taker rebates, has on the Firm’s [equities and options]
November 26, 2001Firms that transmit order data to OATS via FTP or via CONNECT:Direct should consider the option of retrieving and resubmitting their rejected data via that same medium rather than by accessing them via the Web. The NASD has established this feature to make the retrieval and resubmission of large volumes of rejected data easier and less time-consuming. This is the preferable
December 19, 2002
NASD began posting each member's NASDAQ Execution System Order/Route Matching statistics on the OATS Web interface on November 1, 2002. These statistics reflect the percentage of OATS Route Reports and/or Combined Order/Route Reports with a Routing Method Code of "U" (SuperMontage) or "L" (SelectNet) that OATS was able to link to the related order in
Beginning Monday, November 13, 2017, JP Morgan Securities, LLC (MPIDs: JPMS, JPMX & JPBX) will become a Trade Reporting Only (TRO) participant on the FINRA Alternative Display Facility (ADF).
Please contact FINRA Business Services at (866) 953-4672 if you have questions about this notice.
February 1, 2001The first quarter 2001 software release for OATS contains two enhancements that will significantly affect NASD member firms, service bureaus, and clearing firms.The first enhancement is to empower member firms with the ability to control who submits order data on their behalf. OATS will give member firms the ability to set up reporting relationships with their Order Sending
Soon-to-be parents suspect what parents already know—kids are expensive. From diapers to childcare, the big and little expenses add up. But there are a number of other, unexpected expenses that can take new parents by surprise.
April 19, 2001The March 7, 2001 edition of the OATS Reporting Technical Specifications states that the Order Received Date field on the New Order, Route, Cancel, Cancel/Replace, Desk, Execution, Combined Order/Execution and Combined Order/Route reports has been appended to include the time in the hhmmss format. This modification was installed to allow firms to more easily identify orders uniquely
SEC Approves “Pay-to-Play” and Related Rules for Capital Acquisition Brokers (CABs)
