Trade Reporting Notice - 9/23/11

FINRA Reminds Firms of Their Trade Reporting Obligations Relating to Customer Sales of Low-Value OTC Equity Securities

Executive Summary

FINRA is issuing this Notice to remind firms that sales of low-value OTC equity securities positions from customer accounts (often deemed by the customer and firm to be “worthless”) are subject to FINRA trade reporting rules and must be reported to FINRA for publication purposes.


Questions regarding this Notice may be directed to:

  • Legal Section, Market Regulation, at (240) 386-5126; or
  • Office of General Counsel, at (202) 728-8071.