Regulatory Notice 14-46

FINRA Requests Comment on a Proposal to Identify OTC Equity Trades Reported More Than Two Seconds After Execution as “Out of Sequence” and Not Last Sale Eligible

Comment Period Expires: Friday, January 9, 2015
The comment period has been extended to February 20, 2015.

Executive Summary

FINRA requests comment on a proposal to identify over-the-counter (OTC) trades in NMS stocks reported more than two seconds following trade execution as “out of sequence” and not last sale eligible for public dissemination purposes.

The proposed rule text is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Dave Chapman, Director, Market Regulation, at (240) 386-4995;
  • Brendan Loonam, Director, Business Services, at (212) 858-4203; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.
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
2/20/2015SIFMAPDF - 263.03 KB
2/20/2015Financial Information ForumPDF - 213.33 KB
2/20/2015KCGPDF - 97.08 KB