Purpose – The purpose of this summary is to provide excerpts of selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices and Disciplinary Actions issued in March, April, and May 2011. Design/methodology/approach – The paper provides excerpts from FINRA Regulatory Notice 11-15, ...
[1] See Regulatory Notice 22-05 (Feb. 15, 2022). [2] Regulatory Notice 17-11 at 1. FINRA cites various studies concluding that adults age 65 and older are more likely to be victims of financial exploitation. Id. at 6 n.2. [3] See Rule 2165(b)(1)(A), Supplem...
(Applications and systems that use artificial intelligence (A.I.) technologies such as chatbots are on the radar of the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization for U.S. broker-dealers. The regulator has issued guidances, updates, and alerts about the sub...
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...
If approved by the SEC, FINRA’s proposed Rule 6500 Series would go into effect 45 days after the May 7, 2024, publication of FINRA’s Notice of Proposed Rulemaking in theFederal Register— or on June 21, 2024. TheFederal Registerpublication also triggered the ...
ensure that the broker recruiting protocol is followed (for signatories), and defend against promissory note enforcement. In addition, our FINRA arbitration attorneys also help financial advisors, branch managers, RIAs, and financial executives with severance, regulatory issues, letters of education, and...
the SEC also published a concept release on the electronic corporate bond and municipal securities market as part of the SEC’s review of the regulatory framework for fixed income electronic trading platforms in response to recommendations from the FIMSAC.35Do members have views on whether the chan...
Official notice of sale This is the notice that is used to obtain an underwriter for municipal bonds. Underwriters who are interested in bidding on municipal offerings will review the official notice of sale to determine if they would like to submit a bid to the issuer. ...
EXCHANGECOMMISSION(Release34-58095;FileSR-FINRA-2008-028)July2008Self-RegulatoryOrganizations;FinancialIndustryRegulatoryAuthority,Inc.;NoticeProposedRuleChangeAdoptFINRARule2010(StandardsCommercialHonorTrade),FINRARule2020(UseManipulative,DeceptiveOtherFraudulentDevices),FINRARule5150(FairnessOpinions)ConsolidatedFINRARuleb...
The stock market was diving that month in especially wild trading amid the outbreak of the Covid-19 pandemic. FINRA — a self-regulatory organization that oversees brokerage firms and their registered representatives — said it fined Robinhood $57 million and ordered the stock...