Module 2: Futures Contracts is intended primarily for securities professionals as an introduction to the basic concepts and terminology of futures. In general, FINRA will require that members administer the content of Module 2 to securities registrants, although firms employing dually-licensed persons (i.e., persons registered with a broker/dealer and an futures commission merchant or introducing broker), may not need to administer Module 2 to such persons.
January 14, 2005This notice provides guidance to firms regarding OATS reporting requirements for orders where a customer adds additional shares to the order after it has been fully or partially executed. NASD understands that some firms will allow an order to remain open after it has been executed in anticipation that the customer may add additional shares later in the day.
FINRA Rule 7470 contains a provision that permits FINRA to grant exemptive relief from the OATS reporting and recording requirements for manual orders in certain circumstances, for example, where reporting of such information would be unduly burdensome for the member or where temporary relief from the rules would permit the member to avoid unnecessary expense or hardship (in the form of additional time to achieve compliance).
« Previous: How to ApplyThe Membership Application Program (MAP) Group conducts an initial assessment of each New Member Application (NMA). After receiving a New Membership Application, FINRA must review and process it within 180 calendar days.The following is a look at how the process works.Preliminary Review Evaluate Against Standards for AdmissionAmendments to an ApplicationMembership
After receiving a substantially complete application package, FINRA must review and process it within 180 calendar days.
Following is a list of revisions to the TRACE CTCI Technical Specification.
Revised Version 1.8
(published 09/09/02)
Section 3.1 - Re-inserted section explaining agency trade reporting, Give-Up trade reports, and AGU trade reports, which was inadvertently deleted from Version 1.7.
Appendix B - Updated message "!REJ - TEMPORARILY NOT AVAILABLE" to "!REJ - TRACE
The NASD, through its wholly owned subsidiary, NASD Regulation, Inc., has filed with the SEC a proposed rule change to amend Rules 2320(g) and 3110(b) to: (1) require that members executing a customer order in a non-Nasdaq security contact and obtain quotations from three dealers (or all dealers if three or less) to determine the best inter-dealer market for the security, unless two or more
Executive Summary
The Central Registration Depository (CRDSM) Redesign will require several action items from members. A Membership On Your Side will be mailed to the CRD contact in each member firm in the next couple of weeks that contains several items on which members must take action, CRD system pricing information, a list of service bureaus, and a Site Preparation Guide.
Questions
Executive Summary
Effective July 1, 1996, NASD Regulation, Inc. (NASD Regulation) will begin accepting appointments at the Certification and Training Center in London, England, at which registered representatives can complete the computer-based training required under the Regulatory Element of the securities industry Continuing Education Program (CEP). Also effective July 1, NASD Regulation
