FINRA has observed a number of ORF clients experiencing problems submitting transactions to TRAQS. Users are presented with an error related to the connection attempt.
FIX trade reporting is unaffected by this issue. FINRA is currently researching the problem and will provide an update when it is known.
TRAQS clients with questions regarding this issue should contact FINRA Market Operations at
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*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) recently approved changes to Part II of Schedule D to the NASD By-Laws requiring NASDAQ companies to notify the NASD of material news
FINRA has adopted a short-form membership application process for certain firms that must become FINRA members due to the recent amendments to Rule 15b9-1 of the Securities Exchange Act of 1934. Firms that are eligible for the short-form membership application process also must have been a member of a national securities exchange with which FINRA has had a regulatory services agreement for the 12-month period prior to August 23, 2023. FINRA has further adopted a partial waiver of the new membership application fee for those firms that apply for FINRA membership through the short-form membership application process. These rule changes became effective on October 30, 2023.
There is a ton of malpractice going on in AMC’s stock as you know from the hedge funds and market makers. A good start would be doing away with dark pool trading. Thanks for any help in the future.
Any trades in the dark pools need to be reported within 24 hours. Naked shorting can be resolved by strict enforcement, illegal use of super computers, and brokerage licenses revocation not monetary fines.
Please look into the manipulation that is hurting retail investors in the AMC and GameStop stocks. The short selling and dark look trading on these stocks is absolutely out of control and prevents a true free market for retail investors.
When a fail to delivers occur the firm who failed to deliver should be suspended from trading until covered. It would be harsher than the small million dollar fines that most firms scoff at.
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Executive Summary
On November 10, 1998, the Securities and Exchange Commission (SEC) approved amendments to the National Association of Securities Dealers, Inc. (NASD®) Interpretive Memorandum 2830-1 (IM-2830-1) to clarify the application of the mutual
The national options exchanges are closing at 1:00 p.m. Eastern Time (ET) on Friday, November 27, 2020 (the Friday after Thanksgiving), which will modify the exercise cut-off time for expiring options. FINRA reminds firms that pursuant to FINRA Rule 2360(b)(23)(A)(viii), if a national options exchange or The Options Clearing Corporation announces a modified time for the close of trading in
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The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 10, 1994. On this day, The Nasdaq Stock MarketSM and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking
