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FINRA
At FINRA’s annual conference, execs discussed which rules are being reviewed and gave an update on exam consolidation. There’s “still a lot more to come” in the Financial Industry Regulatory Authority’s top-to-bottom review via its FINRA360 initiative, Robert Cook, the broker-dealer self-regulator’s CEO, said Wednesday. “It’s doing great; we’ve got a lot of accomplishments under...
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Additional obligations would be imposed on these firms such as requiring them to create reserve accounts to pay unpaid arbitration awards As part of its crackdown on rogue brokers, the Financial Industry Regulatory Authority Inc. has identified 61 firms that would face restrictions under a newly proposed Finra rule. Finra currently has a little more...
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The capital markets regulatory environment can seem as volatile as everyday trading conditions. Even regulatory reporting vehicles can’t be counted on to remain constant. From February next year, the legacy CTCI tool commonly used for electronic FINRA TRACE and ORF reporting will no longer be supported. If you handle your own submissions, you’ll need to...
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If the SEC approves, TRACE will become a centralized source of comprehensive and timely information about new issues. The Financial Industry Regulatory Authority filed Thursday with the Securities and Exchange Commission a proposal to expand its collection and dissemination of new-issue reference data for corporate bonds. The proposal calls for FINRA’s Trade Reporting and Compliance Engine, or TRACE, to...
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The eye-watering penalty, incurred through failings with 136 million transaction reports over a 10-year period, are a sobering call to investment banks to bring data management and reporting under tighter control The news that the Financial Conduct Authority (FCA) has fined UBS AG an eye-watering £27.6m for transaction report failings over a 10-year-period will be...
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Inforalgo’s Regulatory Reporting Hub, a cloud-based data automation platform, will give compliance teams smart, low-touch control over reporting under FINRA Rule 6730 – Transaction Reporting Inforalgo, the Capital Markets data automation specialist, has today announced that Jefferies LLC will use its cloud-based Regulatory Reporting Hub and intelligent data automation platform for FINRA TRACE reporting. The...
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FINRA News – 18-34 SEC Approves Amendment to Require Alternative Trading Systems to Identify Non-FINRA Member Subscribers in TRACE Reports for U.S. Treasury Securities Summary Effective April 1, 2019, large alternative trading systems (ATSs) will be required to identify non-FINRA member subscriber counterparties in TRACE reports for transactions in U.S. Treasury securities using FINRA-assigned market...
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London, 12 September 2018 – Inforalgo, the leading provider of straight-through-processing and trading system integration to the Capital Markets industry, today announced the successful implementation of their Regulatory Reporting Hub (RRH) for US Treasury reporting at LiquidityEdge. Established as an alternative trading venue for US Treasuries, Liquidity Edge provides a bespoke trading ecosystem that connects...
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