The TRACE Quality of Markets Report Card for Securitized Products is a monthly status report for the reporting of transactions in Asset Backed Securities, Mortgage Backed Securities and other similar securities, collectively defined as "Securitized Products", to the Trade Reporting and Compliance Engine (TRACE). Firms are required to report trades in accordance with established FINRA
The tables below provide a reference description for all of the elements found in all views of the TRACE Quality of Markets Corporate Bond and Agency Debt Report Cards. (See TRACE Quality of Markets Report Card Figures 1 - 3 for a sample report.)
Term
Definition
Firm Activity Total
Trade Report Entries
This is the total number of
FINRA Rule 1017 requires advance notice—but not prior approval—of changes of ownership or control in the form of a Continuing Membership Application. Form CMA must be filed at least 30 days prior to making such a change to give FINRA an opportunity to conduct a preliminary analysis of the change based on FINRA Rule 1014.A firm may affect the change before the final, written decision is
"Broker Dealer Only" refers to FINRA-registered representatives and firms. "Dual Representatives" refers to FINRA-registered representatives and firms who are also registered as investment advisers. "Investment Adviser Only" refers to individuals and firms who are registered only as investment advisers and are overseen by the SEC or state regulators. “Securities
"Broker Dealer Only" refers to FINRA-registered representatives and firms. "Dual Representatives" refers to FINRA-registered representatives and firms who are also registered as investment advisers. "Investment Adviser Only" refers to individuals and firms who are registered only as investment advisers and are overseen by the SEC or state regulators. “Securities
Stay ahead of industry regulations. Find the most recently approved rule changes and their pending effectives dates. Ensure compliance and stay informed.
Every member that is required to publish a report pursuant to Rule 605 of SEC Regulation NMS shall provide the report to FINRA, in the manner prescribed by FINRA, within the same time and in the same formats that such report is required to be made publicly available pursuant to Rule 605. FINRA will publish such reports on its public website.Adopted by SR-FINRA-2025-002.
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FINRA Fixed Income Regulation, Member Supervision, and Market Regulation hosted a webinar that provided key insights and discussion areas of focus for 2025 examinations and investigations related to fixed income securities and municipal advisory activities. This free webinar assists firms in understanding what to expect in 2025, identifying areas where they can bolster their compliance practices
