FINRA to Provide Faster Match Status Information in TRACE

Features

• FINRA to Provide Faster Match Status Information in TRACE 
  Starting Sept. 15, match status reports will be made available for member firms’ interdealer trade reports in TRACE-eligible securities. The reports will be generated daily, at five-minute intervals, and provide the match status for a firm’s interdealer transactions in corporate and agency debt, securitized products, and Treasury securities submitted to TRACE. The reports, which were a request of member firms, will also provide a reason for any unmatched trades. More information is available in this user guide. Or you may contact [email protected] or (888) 507-3665 with questions. 
   
• FinCEN Extends Deadline for Money Laundering Order 
  FinCEN revised its June 25 orders prohibiting covered financial institutions from transmitting funds from three Mexico-based entities—CIBanco S.A., Intercam Banco S.A., and Vector Casa de Bolsa, S.A. de C.V. Firms now have until Oct. 20 to implement the orders. 
   
• Steps Seniors Can Take to Reduce Fraud Risks 
  A recent Investor Insights recommends several precautions that older adults can take to avoid becoming a victim of a scam. The article is available here. Firms are welcome to share it and other Investor Insights with customers. 
   
• ICYMI: New Report Card to Support Compliance with MSRB Rule 
  FINRA introduced a report card last week to provide member firms with feedback regarding their compliance with Municipal Securities Rulemaking Board (MSRB) Rule G-32(b)(vi)(C)(1)(a). The new report card, which is available in the FINRA Gateway compliance portal and Report Center, will identify instances where firms failed to initiate Form G-32 within submission timeframes. A specific request of members, it is one of several new report cards we are launching in the coming months to provide more useful information for firm compliance efforts. More details are available here, and you may contact the Report Center Administrator with any inquiries. 
   
• ICYMI: FINRA Enhancing Order Routing Report Submissions  
  FINRA has begun notifying member firms when their Rule 606(a) reports have been accepted or rejected. The notifications will be sent via email or our compliance portal and will include a reason when a submission has been rejected. Details on managing these notifications are available here. 
  
  Starting Oct. 1, member firms will be able to authorize third-party vendors to submit these reports on their behalf. Vendors acting on behalf of members will be able to use our compliance portal to upload the reports manually or via machine-to-machine interface. FINRA will hold the two testing sessions for vendor “on-behalf-of” submissions on Sept. 10, 11-12:30 p.m. ET and Sept. 17, 2-3:30 p.m. ET. You may sign up for one of the sessions here, or please contact our support team for assistance. 
   
• ICYMI: Cyber Alert for Firms Using Cisco Secure Firewall Management Center 
  FINRA issued a Cybersecurity Alert on a critical vulnerability in Cisco’s Secure Firewall Management Center software that could allow a remote attacker to run malicious code on firm systems with full administrative privileges, potentially leading to system takeover, data theft, or disruption of services. The alert shares Cisco’s recommendations to mitigate the threat, for which there are currently no workarounds.

• FinCEN Money Laundering Alert: See above feature for details.

• Testing Overview Session 1 | Sept. 10 | Virtual Event
• Testing Overview Session 2 | Sept. 17 | Virtual Event

FBI Cyber & Financial Crime Threat Briefing: Midwest Region | Sept. 10 | Virtual Event

Registration Systems Foundation | Sept. 16 | Rockville, MD | In-Person Event  

Disclosure Reporting Boot Camp | Sept. 17-18 | Rockville, MD | In-Person Event

Cyber Tabletop Exercise | Oct. 8 | Dallas, TX | In-Person Event  

Senior Investor Financial Exploitation Case Study Workshop | Oct. 8 | Dallas, TX | In-Person Event  

Small Firm Conference | Oct. 9-10 | Dallas, TX | Hybrid Event

Registration Systems Foundation | Oct. 21 | Chicago, IL | In-Person Event

Disclosure Reporting Boot Camps | Oct. 22-23 | Chicago, IL | In-Person Event

Cyber Tabletop Exercise | Oct. 27 | Santa Monica, CA | In-Person Event  

Elder Cyber Fraud Case Study Workshop | Oct. 27 | Santa Monica, CA | In-Person Event  

Cyber Crimes Conference | Oct. 28 | Santa Monica, CA | Hybrid Event

Registration Systems Foundation | Oct. 28-29 | Virtual Event

Comment Process – On-demand webinar on how to provide comments on FINRA Forward proposals, as well as the impact of comment letters and how they are used.

Involvement and Election Process – How to engage with FINRA to help carry out our mission of protecting investors and safeguarding market integrity. Members can contribute their unique perspectives and skillsets with rotating terms on FINRA committees and other opportunities. Submit an indication of interest to be considered to join a FINRA advisory committee or speak at a FINRA event by clicking here.

Membership Application Program (MAP) Tools – Guidance and other resources to help current members prepare for their continuing membership application (CMA) and new applicants prepare for a new member application (NMA).

FINRA Unscripted – Monthly podcast on a range of topics important to FINRA members and other stakeholders.

Investor Insights – Feature articles on timely topics for investors, which firms are welcome to share with customers.