FINRA Is Open

2013035345701 Titan Securities CRD 131392 Brad C. Brooks CRD 1584633 Richard Wayne Demetriou CRD 828433 NAC Decision va (2021-1625271622675).pdf

BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. Titan Securities Addison, TX, Brad C. Brooks Addision, TX, and Richard Wayne Demetriou Dunwoody, GA, Respondents. DECISION Complaint No. 2013035345701 Dated: June 2, 2021 Registered representative made material, false and misleading statements to customers, engaged in undisclosed, unapproved outside business activities,

Regulatory Notice 21-19

Summary

FINRA is requesting comment on potential enhancements to its short sale reporting program.  FINRA is considering: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity.

Information Notice 6/3/21

Summary

In 2019, the Securities and Exchange Commission (SEC) adopted amendments1 that revise certain of the Financial and Operational Combined Uniform Single (FOCUS) reporting and annual report requirements that apply to brokers and dealers pursuant to SEA Rule 17a-52 to take account of security-based swap (SBS) activity.

Election Notice – 6/4/21

Executive Summary

The annual meeting of FINRA firms will take place on or about Wednesday, September 1, 2021, to elect one Large Firm Governor, one Mid-Size Firm Governor, and one Small Firm Governor to the FINRA Board of Governors (FINRA Board). A formal notice of the meeting, including the precise date, time and location, will be mailed to executive representatives on or about Monday, August 2, 2021. 

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