Answers to frequently asked questions regarding FINRA Rule 3310 and AML program requirements.
This is the final reminder that beginning Monday, March 16, 2020, FINRA will no longer support the reporting of transactions to its TRACE and OTC Reporting Facility (ORF) products via the CTCI protocol.
Any client, including Service Bureaus, that currently utilizes CTCI and wishes to continue to deliver electronic transactions (i.e. not via TRAQS) must migrate to the FIX protocol by Monday,
NASD Regulation, Inc., has filed with the SEC a proposed rule change to add NASD Rule 3115 and to amend NASD Rule 3340 to establish record-keeping requirements for Alternative Trading Systems ("ATSs") that trade security futures, and to require ATSs to coordinate trading halts with markets trading the underlying securities and markets trading related securities.
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
SEA Rule 17f-2 generally requires your firm to submit fingerprints for each person who is a partner, director, officer or employee of your firm, subject to certain exceptions. Fingerprints are submitted on either FINRA approved fingerprint cards or electronically through a certified EFS vendor contracted with Sterling. Firms pay fingerprint fees by using E-Bill, FINRA's electronic billing
Continuing Education Planning
If this is allowed to pass, you are only increasing the wealth gap. You are inherently saying that anyone who has less than x amount is nothing more than a peasant. Remember we done away with the Feudal System hundreds of years ago. All of those investments that you want to block access to, can be traded by everyone with the guidance of a Broker and you know it. You're only concern is to
Before investing in stocks, also referred to as equities, take time to gather the information necessary to make an informed investment decision, a process commonly known as due diligence.
Your threats to regulate and restrict my investment options is an insult to my intelligence and yet another slap in the face to the American value system and spirit of free enterprise and capitalism that has BUILT this country!!! I hedge to protect my investments and returns from volatility by using many of the products you are attempting to restrict...by doing so you will only succeed in
This idea of regulation is only to block the average citizen from becoming financially secure. For whatever reason our so called democratic government is striving to keep the common citizen from attaining wealth. This is a classic case of creating a Cass system. Shame on our government for trying to keep the majority poor, when there is more than enough to go around. In keep the majority poor the
