16 Thus, a BD should be able to provide such information to its custom- ers without triggering suitability obligations, so long as an explicit recommendation is not made to the customer.Regulatory Notice 11-02 provides some guid- ance in...
[19] Regulatory Notice 22-05 at 4. [20] Id. at 6 n.16. [22] Regulatory Notice 22-05 at 2. [23] Id. at 1-2. FINRA also reminds member firms that, with respect to the best execution obligation, “nothing under the federal securities laws or FINRA rules obligate...
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...
A recent FINRA regulatory notice recasts existing obligations regarding outsourcing as a procedural roadmap for broker-dealers to “consider” when using third-party vendors. The Financial Industry Regulatory Authority, Inc. (FINRA) published Regulatory Notice 21-29 (RN 21-29)...
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 ...
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...
It was also followed by FINRA Notice 20-16: FINRA Shares Practices Implemented by Firms to Transition to, and Supervise in, a Remote work Environment During the COVID-19 Pandemic. These efforts will help FINRA member firms avoid common pitfalls and more skillfully navigate the steps toward a...
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. ...
Del Toro engaged in private securities transactions and failed to provide written notice to his member firms describing in detail the proposed transactions, his role therein and stating whether he had received, or would receive, selling compensation in connection with the transactions. Del Toro ...
Financial Industry Regulatory Authority (FINRA) has issued Regulatory Notice 08-58. This provides guidance to firms regarding disclosure concerning the U.S. Treasury Department's temporary guarantee program for the U.S. money market mutual fund industry. According to the article, this program covers...