INFORMATIONAL
Municipal Securities Transaction Reporting
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
Customer Transactions
Inter-dealer Transactions
MSRB Rules G-12 And G-14
Executive Summary
NASD Regulation, Inc. (NASD RegulationSM) reminds member firms about the obligations imposed by Municipal Securities Rulemaking Board (
Hi, These detailed changes are very important for a lot of people. They would leave the market as a much more transparent way to invest as there would be less reliance on rumour surrounding primarily short interest and synthetic shares. The companies involved in these large amounts of share borrowing would be much more open to legal action as illegal activity would be more obvious. These changes
Third-party risk is the most clicked-on topic in FINRA's 2025 Regulatory Oversight Report. But what is third-party risk and why are people so interested in it? What can FINRA member firms do to mitigate that risk? And how can FINRA help? These questions will be answered on the latest episode of FINRA Unscripted, featuring a returning guest, FINRA's Executive Vice President of Member Supervision Greg Ruppert.
Request for TRACE Reporting Exemption Under FINRA Rule 6732
I would like to see changes in the reporting of shorts taken place in real time, full transparency from all investors from insiders to retail investors (with an emphasis on hedge funds), discontinued use of algorithmic trading tactics, synthetic shares, loop holes used to create selling pressure, and any other market manipulation tactics. I want to see real action taken to prevent and correct
Short interest reporting needs to be completely overhauled if we want to stay the leading market in the financial world. The current self reporting approach is laughable, and the fines for "misreporting", or what I would call lying and stealing, are a cost of doing business instead of a punishment. We have the technology to track short positions like Japan is doing with Blockchain which
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).
This category mapping is provided as a tool to assist member firms in understanding Rule 4111. The terms used in this mapping are defined in Rule 4111, which controls their meaning. This mapping guidance will be updated publicly as needed. The table below maps the disclosure events that are relevant for Rule 4111 (Restricted Firm Obligations) by category to the
Updated as of January 30, 2025FINRA believes that it is appropriate, after a reasonable period of time, to look back at its significant rulemakings to determine whether a FINRA rule or rule set is meeting its intended investor protection objectives by reasonably efficient means, particularly in light of environmental, industry and market changes. These retrospective reviews look at
I would like to express my support for FINRA's continued actions to warn investors that they may be out of their depth.
I think that such policies should be revised for the online era, however. Complex products should have category IDs or acronyms associated with their structure, and online sites for the products should be required to list the acronyms corresponding to the product. There
