June 19, 2014
FINRA Clarifies Classification and Trade Reporting of Hybrid Securities
FINRA recently published guidance that now requires firms to report over-the-counter (OTC) trades in covered hybrid securities to the Trade Reporting and Compliance Engine (TRACE) rather than to the OTC Reporting Facility (ORF) effective June 16, 2014.Generally, FINRA requires OTC transactions in TRACE-eligible debt securities to be reported to…
June 13, 2014
FINRA Proposed Amendment to Communication with Public Rule to Incorporate Link to BrokerCheck.
FINRA has requested comments on proposed FINRA Rule 2210(d)(8), which would require a firm to have a hyperlink to BrokerCheck on any website that is available to retail investors, and in any online retail communications that include the professional profile or contact information of an associated person. The purpose of…