Regulatory Notice 12-39

FINRA Requests Comment on TRACE Dissemination Issues

Comment Period Expires: October 10, 2012
Due to the disruption of normal business operations relating to Hurricane Sandy, FINRA is extending the deadline to provide comment to November 19, 2012. (Previously, the deadline was extended to November 9, 2012.)

FINRA requests comment on two issues relating to the dissemination of information on TRACE-eligible securities transactions.

First, FINRA seeks input on whether it should maintain or modify current TRACE dissemination caps, under which the actual size (volume) of a transaction over a certain par value is not displayed in disseminated realtime TRACE transaction data. Second, FINRA requests comment on whether transactions in TRACE-eligible securities effected pursuant to Securities Act Rule 144A1 (Rule 144A transactions) should be disseminated, and if so, the scope and manner of such dissemination.

Questions regarding this Notice should be directed to:

  • Elliot R. Levine, Associate Vice President and Counsel, Transparency Services, at (202) 728-8405; or
  • Sharon Zackula, Associate Vice President and Associate General Counsel, Office of General Counsel, at (202) 728-8985.

Due to the disruption of normal business operations relating to Hurricane Sandy, FINRA is extending the deadline to provide comment to November 19, 2012. (Previously, the deadline was extended to November 9, 2012.)

The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
9/17/2012Income Research & ManagementPDF - 57.87 KB
9/18/2012Mesirow Financial, Inc.PDF - 50.57 KB
9/21/2012Michael D’AngeloPDF - 11.96 KB
10/5/2012Benchmark Solutions, Inc.PDF - 435.66 KB
10/9/2012The Nelson Law Firm, LLCPDF - 452.89 KB
11/6/2012Dimensional Fund Advisors LPPDF - 87.16 KB
11/8/2012The Credit RoundtablePDF - 119.89 KB
11/8/2012Portfolio Advisors, Inc.PDF - 46.71 KB
11/8/2012Equius Partners, Inc.PDF - 45.14 KB
11/8/2012BAM Advisor ServicesPDF - 71.72 KB
11/9/2012Resource Consulting GroupPDF - 52.33 KB
11/9/2012Strategic Wealth ManagementPDF - 49.14 KB
11/9/2012Disciplined Equity Management, Inc.PDF - 76.92 KB
11/9/2012Investment Advisory Professionals, LLCPDF - 78.64 KB
11/9/2012Jeff BucknerPDF - 45.11 KB
11/9/2012McGladrey Wealth Management LLCPDF - 66.88 KB
11/9/2012The First National Bank in Sioux FallsPDF - 76.5 KB
11/9/2012Dale K. Ehrhart Inc.PDF - 45.17 KB
11/9/2012Redrock Wealth Management, LLCPDF - 51.95 KB
11/9/2012TAGStone Capital, Inc.PDF - 77.18 KB
11/9/2012Jeff HollandPDF - 43.22 KB
11/9/2012Haymarket Wealth ManagementPDF - 43.76 KB
11/9/2012Strategic Investment Advisors, LLCPDF - 78.86 KB
11/9/2012Nevils Financial, LLCPDF - 45.95 KB
11/9/2012Structured Asset Management, Inc.PDF - 54.62 KB
11/9/2012Jay HutchinsPDF - 60.45 KB
11/9/2012Schulz FinancialPDF - 43.35 KB
11/9/2012LifeFocus Financial Advisors, LLCPDF - 46.9 KB
11/9/2012Hollingsworth Avent Averre & Purvis, PAPDF - 38.88 KB
11/9/2012DKE, Inc.PDF - 19.5 KB
11/9/2012Carolyn Lloyd-Cohen LLC/Preferred Pensions LLCPDF - 116.12 KB
11/9/2012Portland Fixed Income Specialists, LLCPDF - 89.74 KB
11/9/2012Aperio GroupPDF - 40.52 KB
11/9/2012Sequent Asset Management, LLCPDF - 51.91 KB
11/9/2012Bristlecone Advisors, LLCPDF - 37.97 KB
11/9/2012Quality Asset ManagementPDF - 43.35 KB
11/9/2012Daly Investment Management, LLCPDF - 49.93 KB
11/9/2012Timothy BrownPDF - 10.38 KB
11/9/2012Cypress PartnersPDF - 52.55 KB
11/9/2012Alliant Wealth AdvisorsPDF - 63.12 KB
11/9/2012Allodium Investment ConsultantsPDF - 48.24 KB
11/9/2012Dean Roland RussellPDF - 54.33 KB
11/9/2012Compass Financial Group, Inc.PDF - 60.75 KB
11/9/2012Boardwalk Financial Strategies LLCPDF - 55.3 KB
11/9/2012Northgate Wealth ManagementPDF - 45.35 KB
11/9/2012Global Wealth Advisors LLCPDF - 45.66 KB
11/9/2012Guy BakerPDF - 49.19 KB
11/9/2012Brown Wealth Management, LLCPDF - 51.77 KB
11/9/2012Lamia Fiancial Group, LLCPDF - 27.32 KB
11/9/2012Matson Money, Inc.PDF - 45.53 KB
11/9/2012Beacon Financial Planning, LLCPDF - 48.06 KB
11/9/2012Berkson Asset ManagementPDF - 49.92 KB
11/9/2012Robert PianoPDF - 23.92 KB
11/9/2012Carrington Financial Planning, LLCPDF - 57.83 KB
11/9/2012Adam HoffmannPDF - 42.44 KB
11/9/2012Gary PiaPDF - 60.27 KB
11/9/2012Hankinson Wealth Management, Inc.PDF - 87.73 KB
11/9/2012Greenberg/Graham Advisors LLCPDF - 46.85 KB
11/9/2012Vickery Financial Services, Inc.PDF - 74.15 KB
11/9/2012Mariaca Wealth Management, LLCPDF - 53.59 KB
11/9/2012John A. Wolfe & Associates, Inc.PDF - 37.53 KB
11/9/2012FMB Wealth Management and FMB Retirement ServicesPDF - 58.09 KB
11/9/2012Sandy BurnhamPDF - 64.09 KB
11/12/2012Strategic Investment Solutions, Inc.PDF - 61.75 KB
11/12/2012Dan HolderPDF - 45.12 KB
11/12/2012Rowling & AssociatesPDF - 22.86 KB
11/12/2012SYM Financial AdvisorsPDF - 45.74 KB
11/12/2012Johnson Wealth Management, LLCPDF - 43.57 KB
11/12/2012Prime Capital EquitiesPDF - 27.17 KB
11/12/2012Joseph J. Locke & Company, LtdPDF - 47.2 KB
11/12/2012Investment Company InstitutePDF - 67.78 KB
11/12/2012The Capital GroupPDF - 47.91 KB
11/12/2012Avocet Capital ManagementPDF - 60.69 KB
11/12/2012Frederick Capital Management, Inc.PDF - 26.82 KB
11/12/2012Del Monte Group, LLCPDF - 96.48 KB
11/12/2012Total Portfolio ManagementPDF - 52.76 KB
11/12/2012GB&T Financial ServicesPDF - 46.87 KB
11/12/2012Moler Capital ManagementPDF - 31.35 KB
11/12/2012Investor’s Capital Management, LLC, Menlo ParkPDF - 48.59 KB
11/12/2012True Wealth Design, LLCPDF - 83.01 KB
11/12/2012Investor’s Capital Management, LLCPDF - 13.38 KB
11/13/2012SJS Investment Consulting, Inc.PDF - 30.22 KB
11/13/2012Truepoint Inc.PDF - 72.77 KB
11/13/2012Chicago Partners Investment Group LLCPDF - 55.4 KB
11/10/20121650 Wealth ManagementPDF - 90.94 KB
11/9/2012Critical Capital Management, Inc.PDF - 106.97 KB
11/9/2012DRV Group, Inc.PDF - 35.81 KB
11/9/2012Forum Financial Management, LLCPDF - 73.12 KB
11/9/2012Gasber Financial Advisors, Inc.PDF - 94.35 KB
11/9/2012Horizon Asset Management, LLCPDF - 15.09 KB
11/9/2012Integral Financial Solutions, LLCPDF - 58.34 KB
11/9/2012John JacksonPDF - 76.25 KB
11/9/2012Life Planning Partners, Inc.PDF - 38.31 KB
11/10/2012LSY Financial GroupPDF - 59.83 KB
11/9/2012McGladrey Wealth Management LLCPDF - 47.19 KB
11/9/2012Paragon Wealth Strategies, LLCPDF - 41.14 KB
11/9/2012Provizio Global Advisors Inc.PDF - 29.99 KB
11/9/2012Skaggs Financial Planning, LLCPDF - 52.98 KB
11/10/2012Stanley F. Green, LLCPDF - 54.29 KB
11/9/2012Willow Creek Financial Services, Inc.PDF - 45.57 KB
11/15/2012Assabet Advisors, LLCPDF - 54.96 KB
11/15/2012Bergland Wealth Management, Inc.PDF - 29.32 KB
11/15/2012Berk Cleveland Rathmell Wealth Strategies, LLCPDF - 51.95 KB
11/15/2012Bromfield Financial Advisory Group, Inc.PDF - 42.83 KB
11/15/2012Cambridge Wealth CounselPDF - 65.19 KB
11/15/2012CLS Financial Advisors, Inc.PDF - 38.54 KB
11/15/2012Coston and McIsaac Investment Advisers, LLCPDF - 38.63 KB
11/15/2012Wendell MillerPDF - 16.61 KB
11/15/2012Jameson Van HoutenPDF - 41.51 KB
11/15/2012MerrimanPDF - 72.01 KB
11/15/2012Michael BroadPDF - 62.93 KB
11/15/2012Sechrest Financial Services, LLCPDF - 65.68 KB
11/15/2012Stoker Ostler Wealth Advisors, Inc.PDF - 15.98 KB
11/15/2012Stonegate Financial GroupPDF - 65.31 KB
11/15/2012The Lam Group, Inc.PDF - 32.61 KB
11/15/2012The Proper Analysis CorporationPDF - 16.39 KB
11/15/2012Titanium Advisors, LLCPDF - 15.87 KB
11/15/2012William BernsteinPDF - 34.75 KB
11/13/2012Index Funds Advisors, Inc.PDF - 13.65 KB
11/13/2012Lourd Capital ManagementPDF - 29.74 KB
11/13/2012Conservative Wealth Management LLCPDF - 9.11 KB
11/13/2012Independence Advisors, LLCPDF - 35.17 KB
11/13/2012KDM Investment ManagementPDF - 45.5 KB
11/13/2012South Central Bank/LPL FinancialPDF - 45.62 KB
11/10/2012The Wealth ConservatoryPDF - 45.06 KB
11/10/2012Daniel. G GenslerPDF - 41.36 KB
11/13/2012Perspective Financial Services LLCPDF - 13.34 KB
11/10/2012Financial Advisory CorporationPDF - 38.82 KB
11/10/2012Horizon Asset Management, LLCPDF - 35.54 KB
11/10/2012Horizon Wealth ManagementPDF - 35.54 KB
11/11/2012Chuck VickeryPDF - 38.19 KB
11/13/2012Ethical Advisors, LLCPDF - 20.19 KB
11/11/2012Huber FinancialPDF - 35.01 KB
11/12/2012AHC Advisors, Inc.PDF - 38.86 KB
11/12/2012Lakeside Wealth ManagementPDF - 105.96 KB
11/12/2012Clune & Associates Ltd.PDF - 43.24 KB
11/12/2012Martin Financial GroupPDF - 34.29 KB
11/12/2012Acropolis Investment Management, LLC.PDF - 39 KB
11/12/2012Pacesetter Financial Group, LLCPDF - 38.25 KB
11/12/2012MEDIQUS Asset Advisors, Inc.PDF - 43.72 KB
11/12/2012Brian CainePDF - 29.14 KB
11/12/2012SYM Financial AdvisorsPDF - 62.35 KB
11/12/2012Partners Wealth ManagementPDF - 39.98 KB
11/12/2012The Cogent AdvisorPDF - 32.1 KB
11/12/2012Smart Choice Financial Planning, Inc.PDF - 33.15 KB
11/12/2012Strategent Financial, LLCPDF - 35.77 KB
11/12/2012Scott StuthPDF - 38.33 KB
11/12/2012The Humphreys GroupPDF - 61.32 KB
11/12/2012LPL Financial AdvisorPDF - 43.89 KB
11/13/2012Investor’s Capital Management, LLC Menlo ParkPDF - 14 KB
11/13/2012AspiriantPDF - 27.43 KB
11/13/2012Wolfers Asset ManagementPDF - 10.38 KB
11/13/2012Structured Investment Advisors, LLCPDF - 13.49 KB
11/13/2012Truepoint Inc.PDF - 40.53 KB
11/13/2012Thomas Financial Advisors LLCPDF - 14.04 KB
11/13/2012Stoeckler FinancialPDF - 10.34 KB
11/13/2012Oak Wealth Advisors LLCPDF - 13.17 KB
11/13/2012Maas Capital Advisors, LLCPDF - 54.1 KB
11/13/2012Copper Beech Advisors, LLCPDF - 13.01 KB
11/13/2012The Manhattan Life Insurance Co.PDF - 45.9 KB
11/13/2012Index Portfolio Tools AdvisorsPDF - 27.05 KB
11/13/2012Edelstein Wealth Management LLCPDF - 27.3 KB
11/15/2012Bond & Co.PDF - 38.84 KB
11/15/2012Brighton Jones, LLCPDF - 50.49 KB
11/15/2012Claris AdvisorsPDF - 46.09 KB
11/15/2012Delphi Private AdvisorsPDF - 40.47 KB
11/15/2012Fiduciary SolutionsPDF - 45.58 KB
11/15/2012Foster WealthPDF - 56.9 KB
11/15/2012GenSpring Family OfficePDF - 39.14 KB
11/15/2012Integra Wealth, LLCPDF - 83.69 KB
11/15/2012Kibble & Prentice Private Client ServicesPDF - 38.73 KB
11/15/2012M Financial GroupPDF - 63.24 KB
11/15/2012MerrimanPDF - 92.52 KB
11/15/2012Michael D. Taxman Investment ManagementPDF - 7.59 KB
11/15/2012Pacific Asset ManagementPDF - 81.15 KB
11/15/2012Rather & KittrellPDF - 76.58 KB
11/15/2012Sensenig Capital AdvisorsPDF - 15.88 KB
11/15/2012Servo Wealth ManagementPDF - 43.4 KB
11/15/2012Thomas Financial GroupPDF - 61.37 KB
11/14/2012Efficient Frontier Advisors LLCPDF - 35.41 KB
11/14/2012Yardley Wealth Management, LLCPDF - 68 KB
11/14/2012Compass InvestmentsPDF - 37.7 KB
11/14/2012North Ridge Wealth Advisors, Inc.PDF - 42.8 KB
11/14/2012Salzman Financial Management LLCPDF - 39.35 KB
11/14/2012Wealth Advisors, Inc.PDF - 34.92 KB
11/14/2012Michael D. StrasserPDF - 35.32 KB
11/14/2012Asher Portfolio Advisors, inc.PDF - 35.75 KB
11/14/2012Retirement Asset ManagementPDF - 54.93 KB
11/14/2012M Financial GroupPDF - 46.64 KB
11/14/2012Onyx Financial AdvisorsPDF - 64.79 KB
11/14/2012Vista Capital PartnersPDF - 76.18 KB
11/14/2012Silver Oak Advisory GroupPDF - 29.4 KB
11/14/2012Vista Capital PartnersPDF - 77.57 KB
11/14/2012Haton Consulting, Inc.PDF - 41.77 KB
11/14/2012Porter, White & CompanyPDF - 62.73 KB
11/14/2012KAI AdvisorsPDF - 38.67 KB
11/14/2012The Leonard Financial Group, LLCPDF - 79.88 KB
11/14/2012Life Planning Partners, Inc.PDF - 38.2 KB
11/14/2012Keats ConnellyPDF - 42.16 KB
11/14/2012Private OceanPDF - 65.12 KB
11/14/2012Steve HarrisonPDF - 34.77 KB
11/14/2012GenSpring Family Offices, LLCPDF - 40.75 KB
11/14/2012SYM Financial AdvisorsPDF - 39.14 KB
11/15/2012AZ Wealth Strategies, LLCPDF - 53.23 KB
11/15/2012Cadence Wealth ManagementPDF - 44.43 KB
11/15/2012D’Orazio & Associates, Inc.PDF - 33.03 KB
11/15/2012Focus Wealth Management, Ltd.PDF - 15.28 KB
11/15/2012Lourd Capital ManagementPDF - 63.78 KB
11/15/2012Marian P. YoungPDF - 36.19 KB
11/15/2012Northstar Financial Planning, Inc.PDF - 38.89 KB
11/15/2012Pacific Asset Management, LLCPDF - 38.37 KB
11/15/2012Thalheimer Financial PlanningPDF - 15.52 KB
11/15/2012Young Wealth ManagementPDF - 59.31 KB
11/16/2012Bromfield Financial Advisory Group, Inc.PDF - 42.88 KB
11/16/2012Financial Plan, Inc.PDF - 56.48 KB
11/16/2012Passive Capital ManagementPDF - 66.84 KB
11/16/2012Symmetry Partners, LLCPDF - 53.57 KB
11/16/2012TCI Wealth Advisors, Inc.PDF - 51.54 KB
11/16/2012The Legacy Financial Group, Inc.PDF - 85.59 KB
11/16/2012Van Sant & Mewshaw Inc.PDF - 38.34 KB
11/13/2012Gonzales & Sisto, LLPPDF - 35.78 KB
11/13/2012Baril Advisors LLCPDF - 49.73 KB
11/13/2012Frontier Advisors, LLCPDF - 37.98 KB
11/13/2012Chamberlain FinancialPDF - 43.09 KB
11/13/2012Lifetime Capital Group, LLCPDF - 47.87 KB
11/13/2012CAVU Wealth AdvisorsPDF - 49.6 KB
11/13/2012Lighthouse Financial Planning, LLCPDF - 44.74 KB
11/13/2012Fiscalis Advisory, Inc.PDF - 71.97 KB
11/13/2012Penny MarchandPDF - 29.08 KB
11/13/2012Mark Smith Financial ServicesPDF - 39.69 KB
11/13/2012Trinity Financial PlanningPDF - 35.91 KB
11/13/2012Hart Financial, LLCPDF - 39.91 KB
11/13/2012Dorman Advisory ServicesPDF - 39.38 KB
11/13/2012Wealth Management Group LLP CPA'SPDF - 36.05 KB
11/13/2012Evelyn M. ZohlenPDF - 55.28 KB
11/13/2012Bob NeimanPDF - 34.13 KB
11/13/2012Fifth Set Investment Advisors LLCPDF - 49.9 KB
11/13/2012Milton KarafilisPDF - 34.75 KB
11/13/2012Don HumphreysPDF - 34.13 KB
11/13/2012Maci Capital AdvisorsPDF - 35.15 KB
11/13/2012Jim GarrettPDF - 38.04 KB
11/13/2012Lawrence JohnsonPDF - 34.15 KB
11/13/2012Emeritus Investment Management, Inc.PDF - 32.71 KB
11/13/2012Presidium Retirement Advisers, Inc.PDF - 66.28 KB
11/13/2012Bank of MarinPDF - 72.84 KB
11/13/2012Grubman Wealth ManagementPDF - 54.44 KB
11/13/2012Marin Financial Advisors, LLCPDF - 77.67 KB
11/13/2012Jake EnglePDF - 37.5 KB
11/13/2012Brodnax & Karnes, P.C.PDF - 43.79 KB
11/13/2012Jeff JaworskiPDF - 34.97 KB
11/14/2012Asset Dedication, LLCPDF - 41.95 KB
11/14/2012Rall Capital ManagementPDF - 41.71 KB
11/14/2012TCM Wealth Management, LLCPDF - 42.77 KB
11/14/2012Quilici Asset ManagementPDF - 50.18 KB
11/14/2012JGHeller Private Wealth AdvisorsPDF - 137.12 KB
11/14/2012Millard & Company, Inc.PDF - 41.66 KB
11/14/2012Premier Financial GroupPDF - 29.63 KB
11/14/2012George N. EllisPDF - 35.24 KB
11/14/2012Holzer & Company, Inc.PDF - 34.94 KB
11/14/2012Tomlin Financial Advisors, Inc.PDF - 49.94 KB
11/14/2012Crestone Financial AdvisorsPDF - 42.62 KB
11/14/2012Leon V MasonPDF - 35.28 KB
11/14/2012Mercer AdvisorsPDF - 43.79 KB
11/14/2012Northern TrustPDF - 44.08 KB
11/14/2012Private OceanPDF - 60.71 KB
11/14/2012Ken RansfordPDF - 44.36 KB
11/19/2012Aequitas Investment Advisors, LLCPDF - 15.78 KB
11/19/2012BAM Advisor ServicesPDF - 122.65 KB
11/18/2012Beaird Harris Wealth Management, Inc.PDF - 34.44 KB
11/16/2012The Planning Center, Inc.PDF - 41.42 KB
11/16/2012Prudent Man Investment Management, Inc.PDF - 6.11 KB
11/16/20121926 Investment Advisors, LLCPDF - 53.22 KB
11/18/2012Glass Jacobson Investment Advisors, LLCPDF - 52.82 KB
11/16/2012Larson FinancialPDF - 71.67 KB
11/16/2012Index Funds Advisors, Inc.PDF - 38.36 KB
11/16/2012Denver Money Manager, LLCPDF - 8.91 KB
11/19/2012Johnson Financial GroupPDF - 44.83 KB
11/16/2012Wealth Management, LLCPDF - 54.72 KB
11/19/2012Bond Dealers of AmericaPDF - 159.89 KB
11/17/2012Lifeline Financial, LLCPDF - 39.67 KB
11/19/2012Sechrest & Bloom, LLC/Sechrest Financial Services, LLCPDF - 39.43 KB
11/16/2012Savant Capital ManagementPDF - 9.03 KB
11/19/2012Southeast Financial Planning & Consulting IncPDF - 29.53 KB
11/19/2012The Legacy Financial Group, Inc.PDF - 15.46 KB
11/19/2012Coastal SecuritiesPDF - 41.63 KB
11/19/2012REDW Stanley Financial Advisors LLCPDF - 42.11 KB
11/19/2012Interactive Data CorporationPDF - 62.4 KB
11/19/2012Robert BovePDF - 46.17 KB
11/19/2012Pathways Financial PartnersPDF - 34.93 KB
11/16/2012Yellowstone Financial, Inc.PDF - 9.62 KB
11/19/2012Renaissance Wealth Counsel, LLCPDF - 62.26 KB
11/19/2012Sanctuary Wealth Management LLCPDF - 35.85 KB
11/20/2012Ellis Capital ManagementPDF - 42.52 KB
11/16/2012Talis AdvisorsPDF - 29.32 KB
11/20/2012Wagner Wealth ManagementPDF - 38.86 KB
11/19/2012Sherrill Wealth ManagementPDF - 49.56 KB
11/20/2012Principia Investment Advisors LLCPDF - 38.65 KB
11/16/2012Tom PoseyPDF - 31.73 KB
11/16/2012Beacon Financial Advisers, Inc.PDF - 9 KB
11/20/2012Guardian Wealth Management, Inc.PDF - 63.65 KB
11/20/2012Bergland Wealth ManagementPDF - 77.8 KB
11/19/2012Trellis Wealth AdvisorsPDF - 46.02 KB
11/21/2012Mercer Advisors Inc.PDF - 42.02 KB
11/21/2012Brighton Jones, LLCPDF - 38.45 KB
11/16/2012SIFMAPDF - 195.75 KB
11/23/2012Clifford E. Fowler, Jr.PDF - 35.76 KB
11/25/2012The Bishoff Financial GroupPDF - 44.1 KB
11/19/2012McCartney Wealth Management LLCPDF - 38 KB
11/26/2012CCP Financial Planning Services, Inc.PDF - 42.39 KB
11/26/2012Global Wealth Management Inc.PDF - 36.24 KB
11/26/2012Hines Warner Wealth ManagementPDF - 45.51 KB
11/26/2012Mercer AdvisorsPDF - 44.67 KB
11/28/2012Focus Wealth ManagementPDF - 60.3 KB
11/28/2012SK Wealth Management, L.L.C.PDF - 85.23 KB
11/28/2012Larson Financial GroupPDF - 72.73 KB
12/6/2012Bob LuxenbergPDF - 50.19 KB