3070 Disclosure Timeliness Report Card
This report card helps firms track compliance with NASD Rule 3070(a) and (b), which address disclosures. The report card allows firms to see the number and percentage of disclosures their firm filed through FINRA's Regulation Filing Application (the 3070 system), and how these figures compare to other firms in aggregate. This report card is generated on a monthly basis. The table below provides a reference description for all of the elements found in the 3070 Disclosure Timeliness Report Card. From the October 2008 report card forward, for any late filings submitted, you may request the details of those filings by clicking the Details link at the top of the report.
| Term | Description |
| Firm Totals - 3070 Disclosure Filings | |
| Month | This is the month and year that the 3070 Disclosure filings were submitted to the 3070 System. |
| Associated Individuals | This is the number of individuals associated with the firm at the time of the report. An associated individual is defined as any natural person described by the definition of Associated Person as found within FINRA By-Laws Article I (dd). |
| Initial Filings Submitted | This is the number of initial 3070 Disclosure filings submitted by the firm during the respective month. |
| Late Filings Submitted | NASD Rule 3070 requires a member firm to report the occurrence of any of the disclosure events specified in Section A of the rule no later than 10 business days after the firm knows or should have known of the event. This is the number of initial 3070 Disclosure filings submitted by the firm to the 3070 System more than 10 business days after the event's discovery date during the respective month. |
| % Filings Late | This is the percentage of the initial 3070 Disclosure filings submitted by the firm during the respective month that were late. |
| Amended Filings Submitted | This is the number of 3070 Disclosure amendments that the firm submitted during the respective month. Note: if a firm amends a single filing more than once in a month, each amendment of that filing will be counted as part of the Amended Filings Submitted total. |
| Average | The Average row of the 3070 Disclosure Filings table contains the average of each column over the 12 month period displayed for the firm. |
| Industry Totals* - 3070 Disclosure Filings | |
| Initial Filings Submitted | This is the total number of initial 3070 Disclosure filings submitted to FINRA during the respective month. |
| Late Filings Submitted | This is the number of initial 3070 Disclosure filings submitted to FINRA more than 10 business days after the event's discovery date during the respective month. |
| % Filings Late | This is the percentage of the initial 3070 Disclosure filings submitted to FINRA during the respective month that were late. |
| Amended Filings Submitted | This is the total number of 3070 Disclosure amendments that were submitted to FINRA during the respective month. Note: if a single filing is amended more than once in a month, each amendment of that filing will be counted as part of the Amended Filings Submitted total. |
| Average | The Average row of the 3070 Disclosure Filings table contains the average of each column over the 12 month period displayed for the industry. |
| Firm Totals - 3070 Disclosure Late Filing Details | |
| Month | This is the month and year that the 3070 Disclosure filings were submitted to the 3070 System. |
| 1 - 5 Days Late | This is the number of 3070 Disclosure filings submitted by the firm to the 3070 System during the respective month that were from 1 to 5 days late. |
| 6 - 10 Days Late | This is the number of 3070 Disclosure filings submitted by the firm to the 3070 System during the respective month that were from 6 to 10 days late. |
| 11 - 20 Days Late | This is the number of 3070 Disclosure filings submitted by the firm to the 3070 System during the respective month that were from 11 to 20 days late. |
| 21 - 30 Days Late | This is the number of 3070 Disclosure filings submitted by the firm to the 3070 System during the respective month that were from 21 to 30 days late. |
| > 30 Days Late | This is the number of 3070 Disclosure filings submitted by the firm to the 3070 System during the respective month that were more than 30 days late. |
Note: if you report disclosures through the Electronic Filing Platform, you will only be able to see data for some of the fields shown in this report, specifically: rep count and industry filings. You will not be able to see data specific to your firm since the data for this report is pulled from the FINRA Regulation Filing Applications. For questions or help, contact the Report Center administrator.
