The article focuses on the release of the Regulatory Notice 09-25 by the U.S. Financial Industry Regulatory Authority (FINRA) on May 15, 2009. Such notice involves the agency's proposal of rules on suitability and duties to know customers as part of the process to create a new ...
A Position Transfer (value = Y) is used when reporting a transfer of proprietary positions in debt or equity securities, as outlined in Regulatory Notice 09-21. FINRA Extension to FIX 4.4 Settlement modifiers. Valid values are: 0 = regular (T+2, default) C = Cash (same day) N = Next...
Design/methodology/approach – The paper provides excerpts from FINRA Regulatory Notice 09-42, Variable Life Settlement Transactions; 09-49, Conflicts of Interest; 09-52, Trade Reporting; and 09-53, Non-traditional ETFs. Findings – (09-42) FINRA is concerned about variable life settlements ...