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Data Definitions for Detailed Data

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Summary Help

The Cross Market Options Supervision: Potential Intrusion Report Card is a daily summary of potential exceptions identified by FINRA’s Market Regulation team.

Users who have not opted-out of notifications will receive an email indicating that new reports have been published.

The tables below provide a reference description for all the elements of the Potential Intrusion Report Card.

Term

Definition

Firm

The name of the firm for which the report card was prepared.

CRD ID

The firm’s Central Registration Depository unique identifier.

Period

The reporting period of the report card, in this report, one calendar day.

Version

The version of the data being presented.

Exception Period

The date on which exceptions are found.

Potential Profit

Count of exceptions where an account at the firm may have profited from the potential intrusion (account takeover).

Potential Harm

Count of exceptions where an account at the firm may have been victimized by the potential intrusion (account takeover).

Total Exceptions

Total number of exceptions during the reporting period.

Detail Data Help

Cross Market Options Supervision: Potential Intrusion Report Card Detail Data

The Detail Data Download is designed to accompany the Cross Market Options Supervision: Potential Intrusion Report Card as a tool to help firms to identify and analyze potentially fraudulent options transactions being facilitated by account takeover schemes in order to improve their compliance-related activities. The fraudulent options trading scenario, which is outlined in FINRA Regulatory Notice 20-32, involves a bad actor improperly accessing a customer’s brokerage account to purchase or sell securities at inferior prices. Simultaneously, the bad actor uses a separate account, often at another broker-dealer, to trade against these accounts in order to profit in this separate account.

The file content contains CAT confidential data of the recipient or of another CAT reporter for which the recipient must also make a reasonable effort to protect confidentiality.

The following table describes the content and structure of the detail data download file:

Field Name

Definition

Potential Profit CRD

The firm’s Central Registration Depository unique identifier representing an account at the firm that was the potential profiting account (the account that traded against a potential victim account) in a potential account intrusion scheme. If the cell in this column contains your CRD, it appears that an account at your firm participated on the trade.

Potential Victim CRD

The firm’s Central Registration Depository unique identifier representing an account at the firm that may have been victimized in a potential account intrusion scheme. If the cell in this column contains your CRD, it appears that an account at your firm participated on the trade.

Exception ID

A FINRA generated exception identifier.

Note: The identifier exceeds Excel’s 15 numeral limit and should be imported as text to display properly. 

Trade Date

The calendar date on which a trade took place.

Time

The execution time associated with the trade, which is formatted to milliseconds.

Underlying

The option's underlying symbol.

Expiration

The option's expiration date.

Strike

The option's strike price.

Call/Put

The Call / Put Indicator.

Side

For Potential Profit exceptions, both the buy and sell sides are listed on different rows.

For Potential Victim exceptions, the cell in this column is intentionally blank, which indicates that your CRD appears to be on the buy side.

Quantity

The contract quantity associated with the trade.

Price

The execution price associated with the trade.

Note: Each exception may include several related trades.