2019061528001 Spartan Capital Securities LLC CRD 146251, John D. Lowry CRD 4336146, and Kim M. Monchick CRD 2528972 OHO Decision df2 (2023-1688170803677).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. SPARTAN CAPITAL SECURITIES, LLC (CRD No. 146251), JOHN D. LOWRY (CRD 4336146), and KIM M. MONCHIK (CRD 2528972), Respondents. Disciplinary Proceeding No.

Larry Tabb Comment On Regulatory Notice 23-10

I personally (not Bloomberg, LP nor any of its affiliates) believe that this is a good thing. Anyone that has searched for 605 reports needs to traverse a series of websites to find this information. In addition can you please have the broker/dealers add a header row, or at least an off file guide to reading the data. A crib sheet is also needed to understand how to look at this information - like how do you calculate E/Q (given quoted spread is not a field in this file), or what does an order type 11, 12, 13 mean, or what does order size 21 mean?

BCF

Board Certified Fiduciary (BCF)

Designation Essentials
Status Currently offered and recognized by the issuing organization
Issuing Organization Center for Board Certified Fiduciaries
Qualification and Training Requirements
Prerequisites

Candidates must have industry experience and participate in a pre-registration interview to determine eligibility.
Designation Training Requirements

Candidates must complete the following coursework, available through in-person, virtual or blended instruction, followed by a peer review:

  • 15 hours of instruction for the Certificate in Fiduciary Leadership and
  • 20 hours of instruction for the Certificate of Applied Fiduciary Practices.
Designation Exam Type

Two closed book, proctored final exams
Continuing Education Requirements

None
Verification and Complaints
Online Designation Resource

Online at www.c-bcf.com/specialty-leaders
Investor Complaint Process

Online at www.c-bcf.com/contact
Published List of Disciplined Designees

No

Regulatory Notice 23-10

Summary

FINRA requests comment on a proposal to facilitate centralized access to members’ order execution quality reports for NMS stocks that are required to be published by market centers under Rule 605 of Regulation NMS. Under the proposal, FINRA members would be required to provide their Rule 605 reports to FINRA, which FINRA would publish in a centralized location on the FINRA website.

Questions regarding this Notice should be directed to:

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