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...
Per Regulatory Notice 22-05, FINRA amended Rule 2165 to permit a stay for an additional 30 business days, for a total of 55 business days, if in addition to satisfying Rule 2165’s criteria, the member firm also reports the matter to a “state authority.”[18] The Not...
Format Changes and Timeline On November 15, 2021, FINRA/NYSE TRF will begin supporting timestamps with up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA's equity trade report rules. Please refer to FINRA Regulatory Notice 20-41 for additional information ...
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...
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 ...
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. ...
LeBlanc borrowed $20,000 from a customer, signed a promissory note without prior written notice to his member firm and without obtaining pre-approval from the firm�s chief executive officer. LeBlanc never provided any notice, orally or in writing, to the firm concerning his borrowing arrangemen...