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Update: FINRA Board of Governors Meeting

February 26, 2016

Dear Executive Representative:

The FINRA Board of Governors met this week to discuss a number of issues, including one rulemaking item. A summary of the rule proposal, as approved by the Board, is included below.

Please take a moment to watch the video report, in which Lead Governor Jack Brennan and I provide an overview of key issues discussed at the meeting.

As usual, your comments are welcome.


Richard Ketchum Signature
Richard G. Ketchum
Chairman and CEO

Rulemaking Items Discussed at the February 2016 Board Meeting

Fixed Income Pricing Disclosure

The Board authorized the filing with the SEC of a revised proposal to require member firms to disclose pricing information on customer confirmations for trades in fixed income securities with non-institutional customers, whereby firms would be required to disclose the mark-up on the price of a customer trade where both the firm’s principal trade and the customer trade occur on the same trading day.