Regulatory Notice 18-29

FINRA Reminds Firms of Their Obligations When Effecting OTC Trades in Equity Securities on a Net Basis

Summary

FINRA is issuing this Notice to remind firms of their obligations under the FINRA trade reporting rules and other applicable FINRA and Securities and Exchange Commission (SEC) rules when effecting over-the-counter (OTC) trades in equity securities on a “net” basis.

Questions regarding this Notice may be directed to:

  • Patrick Geraghty, Vice President, Market Regulation, at (240) 386-4973;
  • Dave Chapman, Senior Director, Market Regulation, at (240) 386-4995; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.