Regulatory Updates for FinOps
Regulatory notices most pertinent to the broker-dealer FinOp role.
Entries by Jay Gettenberg
FINRA Notice 15-47
Summary Implementation Date: May 23, 2016 The SEC approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules to require an indicator when the TRACE report does not reflect a commission or mark-up/mark-down. The implementation date for these amendments is May 23, 2016. The amended rule text is available in the online FINRA Manual. […]
FINRA Notice 15-46
Summary November 2015 In light of the increasingly automated market for equity securities and standardized options, and recent advances in trading technology and communications in the fixed income markets, FINRA is issuing this Notice to reiterate the best execution obligations that apply when firms receive, handle, route or execute customer orders in equities, options and […]
FINRA Notice 15-45
Summary Implementation Date: January 4, 2016 The SEC recently approved FINRA’s proposal to establish a registration category and qualification examination requirement for Securities Traders and Securities Trader Principals.1 This Notice provides firms with information regarding the Securities Trader registration category and qualification examination (Series 57), Securities Trader Principal registration category, Series 57 examination fee and […]