Regulatory Notice 16-17

FINRA Reminds Firms of Their Obligations When Reporting Large Options Positions

Executive Summary

In light of recent disciplinary actions against firms, FINRA reiterates and reminds firms of their obligations under FINRA Rule 2360(b)(5) to report large options positions to the Large Options Positions Reporting (LOPR) system, in a manner prescribed by the U.S. options exchanges and FINRA. This Notice provides an overview of the options reporting requirements and consolidates and summarizes previously issued guidance.

Questions concerning this Notice should be directed to:

  • Max Tourtelot, Director, Options Regulation, at (212) 457-5366;
  • James Turnbull, Associate Director, Options Regulation, at (212) 457-5367; or
  • Kathryn Moore, Associate General Counsel, Office of General Counsel, at (202) 728-8200.