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Regulatory Notice 21-21

Summary

Effective September 1, 2021, FINRA is amending its rulebook to eliminate the Order Audit Trail System (OATS) rules in the FINRA Rule 7400 Series and FINRA Rule 4554 (Alternative Trading Systems — Recording and Reporting Requirements of Order and Execution Information for NMS Stocks) (collectively referred to as the “OATS Rules”). FINRA has determined that the accuracy and reliability of the Consolidated Audit Trail (CAT) meet the standards approved by the SEC and has determined to retire OATS as of September 1, 2021.

RC Whalen Comment On Regulatory Notice 21-17

None of the current rules and procedures used by FINRA or its member firms create unintended barriers to greater diversity and inclusion in the broker-dealer industry or might have unintended disparate impacts on those within the industry. Quite the contrary, FINRA and the brokerage industry have made huge strides in encouraging and fostering diversity. In the 30 plus years of my career, there has been a demonstrable increase the the participation of women and minorities in all aspects of the industry.

2019060753501 Salvatore Pizzimenti CRD 2879580 AWC va (2021-1626049218691).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019060753501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Salvatore Pizzimenti (Respondent) Former General Securities Representative CRD No. 2879580 Pursuant to FINRA Rule 9216, Respondent Salvatore Pizzimenti submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.
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