Proposed Rule Change Relating to Over-the-Counter Equity Trade Reporting and OATS Reporting
SUGGESTED ROUTING:*
Senior ManagementInstitutionalLegal & ComplianceTrading*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On November 20, 1992, the NASD® submitted to the Securities and Exchange Commission (SEC) a letter responding to the SEC's request for comments on today's market structure and regulatory environment
FINRA's Arbitration Awards Online database (“AAO”) demonstrates our commitment to transparency by enabling users to perform web-based searches for FINRA arbitration awards free of charge, seven days a week.
Documents Available in the Arbitration Awards Online Database
In addition to FINRA awards, you can search for historical awards for the:
National Association of Securities Dealers (
FINRA has updated the Alternative Display Facility (ADF) User Guide and ADF FIX Specification for Trade Reporting to now include the FINRA/Nasdaq TRF Chicago, IEX (Investors Exchange) and LTSE (Long-Term Stock Exchange).
Each document’s Revision History illustrates these changes and impacted fields.
Questions regarding this notice should be sent to FINRA Product Management or
TRF Exchange Participants
We absolutely need more transparency in the market. As more and more retail investors are joining the market, many of them are learning that they don't have access to the same information or ability to perform actions within the market that some of the huge institutions and market makers do. Naked shorting, dark pool trading, payment for order flow, etc. are all things that when examined at
I support the proposed changes. In addition i believe that there are several levels of self-dealing, impropriety, negligence and perhaps outright fraud-by-omission, happening at the SEC itself, which routinely harms retail investors as a class. My suspicions were raised by commentary around 'meme stocks' and comments by various industry professionals in publicly available materials. I
As a retail investor I am very hesitant to invest anymore money into stocks when I'm seeing this blatant manipulation of the market by market makers and hedge funds. I feel like they're not going to act in good faith when doing so doesn't benefit them as much. We as investors need to see more than just fines imposed and some real solid action on combatting this behavior for a fair
Transparency, accountability and a fair market for all investors. This is what retail investors want. -Frequency in reporting should absolutely be on a daily basis. This should be public information. Not a “pay to play” basis. Companies who profit from hiding this information and selling it, only add to the unfair market advantage faced by retail traders. They will need to adjust their profit
