Trade Reporting Notice 1/14/26

Summary

FINRA is reminding firms of upcoming updates to its equity trade reporting guidance in connection with enhancements to the FINRA equity trade reporting facilities to support reporting of fractional share quantities. Under the updated guidance, members engaged in fractional share trading will be required to report fractional share quantities up to six digits after the decimal. FINRA is also providing additional guidance for fractional share reporting in circumstances involving fractional amounts smaller than six decimals.

2025086101601 Jay D. Zornes CRD 4124536 AWC lp.pdf

Zornes refused to provide information and documents requested by FINRA pursuant to FINRA Rule 8210 in connection with a FINRA investigation into whether he used unapproved channels to communicate with Cambridge customers. Zornes also refused to appear for on-the-record testimony requested pursuant to FINRA Rule 8210 in connection with FINRA's investigation. As a result, Zornes violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member in all capacities.

SR-FINRA-2026-001

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to adopt FINRA Rule 3290 (Outside Activities Requirements) and to delete existing FINRA Rules 3270 (Outside Business Activities of Registered Persons) and 3280 (Private Securities Transactions of an Associated Person). The amended requirements focus on outside activities appropriately within members’ purview that potentially present heightened risks for members and the public.

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