On July 19, the Financial Industry Regulatory Authority filed a proposed rule change with the Securities and Exchange Commission to amend its Trade Reporting and Compliance Engine (TRACE) reporting rules to require the reporting of transactions in all US Treasury Securities other than US savings bonds.
For the most part, my broker-dealer clients are introducing firms that clear through any number of generally recognized clearing firms.
In July 2016, FINRA’s Investor Education Foundation released the findings from its National Financial Capability Study.
SEC Approves Consolidated FINRA Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions)
The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s proposed rule change to adopt a new, consolidated rule governing accounts opened or established by associated persons at firms other than the member firm at which they are employed or registered (FINRA Rule 3210).
Defending a FINRA Enforcement action is not easy.
If you thought the SEC and FINRA were serious about elder issues, welcome to the Alabama, Indiana and Vermont. Each has focused on elder abuse issues.
On June 15, the Securities and Exchange Commission approved on an accelerated basis proposed amendments to FINRA Rule 4210 to establish margin requirements for TBA transactions, Specified Pool Transactions and certain forward transactions involving collateralized mortgage obligations (collectively, Covered Agency Transactions).
If you’re reading this, then you undoubtedly already know that FINRA and SEC are, simply, AML crazy.
Buried among the usual hodgepodge of stuff in a recent weekly FINRA blast email was a notice that the SEC was accepting comments on FINRA’s request to change the composition of the NAC, the National Adjudicatory Council, so that it mirrors the FINRA Board of Governors, and instead of having an equal number of industry and non-industry members, the latter will constitute a majority.