Technical Notice

FINRA Forms Issue (FINRA Order Form, FINRA New Issue Form, FINRA Participant Agreement Form)

July 15, 2020

Currently, any users attempting to submit a TRACE or Over the Counter Reporting Facility (ORF) form filing in the FINRA Firm Gateway will incur an error.

Firms should contact FINRA Market Operations or call (866) 776-0800 with questions or for assistance in setting up new issues. FINRA will advise when this issue has been resolved.

2019062680701 Zahir H. Kanji CRD 2831526 AWC va (2020-1597450769948).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019062680701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Zahir H. Kanji, Respondent Investment Company and Variable Contracts Representative CRD No. 2831526 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Zahir H. Kanji submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

2019063562901 Jean Connell Hicks CRD 1005922 AWC sl (2020-1597450770018).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019063562901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jean Connell Hicks, Respondent Investment Company and Variable Contracts Products Representative CRD No. 1005922 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent, Jean Connell Hicks (Hicks or Respondent) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

SR-FINRA-2020-021

Rule Filing Status:  Filed for Immediate Effectiveness

Rule change to amend Rule 2360 (Options) to increase the position and exercise limits for conventional options on certain exchange-traded funds (“ETFs”).

Technical Notice

U.S. Treasury Securities Executed to Hedge a Primary Market Transaction Production Test

July 15, 2020

Beginning August 3, 2020, members are required to begin to report transactions in U.S. Treasury Securities executed to hedge a List or Fixed Offering Price Transaction or a Takedown Transaction (as defined in FINRA Rule 6710) with an appropriate identifier.  See additional information regarding this change in Regulatory Notice 19-30.

2360. Options

(a) Definitions
The following terms shall, unless the context otherwise requires, have the stated meanings:
(1) Aggregate Exercise Price — The term "aggregate exercise price" means the exercise price of an option contract multiplied by the number of units of the underlying security covered by such option contract.
(2) Call — The term "call" means an option contract under which the holder of the option has the right, in accordance with t

SR-FINRA-2020-021

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 2360 (Options) to increase the position and exercise limits for conventional options on certain exchange-traded funds (“ETFs”).

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