Data Definitions for Detailed Data
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.