As part of its Transparency Services improvement initiatives FINRA will re- platform the OTC Reporting Facility (ORF) to a new Linux-based operating system. These changes will include Trade Data Dissemination Service (TDDS) protocol changes, and ORF will begin supporting timestamps up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA’s equity trade reporting
Connecting Individuals with Opportunities in the Financial Services IndustryThe Financial Industry Networking Directory (FIND)™ is a complementary FINRA subscription service designed to connect individuals who are enrolled to take the Security Industry Essentials® (SIE®) exam with firms that are recruiting for employment and internship opportunities.Subscribed firms can leverage the data found in
On April 16, 2018, FINRA will be upgrading Axway Secure Transport in the Production (PD) environment from the current version of 5.1 to version 5.3.
FINRA previously issued a notice regarding API Reference Data production access. This process will now occur beginning Monday, July 15, 2024.Beginning Monday, July 15, 2024, FINRA will utilize Multi Factor Authentication (MFA) for access to all production API reference data files. Currently, FINRA API users wishing to get access are required to download a digital certificate and present verified
Beginning Monday, August 14, 2023, FINRA will increase the bandwidth rate for the Trade Data Dissemination Service 2.1 (TDDS 2.1) vendor feed from 2,500 kilobits per second (Kbps) to 3,000 kilobits per second (Kbps).
TDDS 2.1 subscribers should ensure their systems can accept the higher data rates. The TDDS 2.1 data rate change does not impact any of the ORF reporting applications (FIX and TRAQS
Capital Acquisition Brokers (CABs) are firms that engage in a limited range of activities, including but not limited to: advising companies and private equity funds on capital raising and corporate restructuring, andacting as a placement agent- or finder for sales of unregistered securities to institutional investors under limited conditions.providing fairness opinions, valuation
Summary
FINRA has amended Rule 1240.01 (Eligibility of Other Persons to Participate in the Continuing Education Program Specified in Paragraph (c) of the Rule) to provide eligible individuals another opportunity to participate in the Maintaining Qualifications Program (MQP). This new enrollment period begins March 15, 2023, and will end on December 31, 2023.
Questions concerning this
Following are "Frequently Asked Questions" regarding the Order Audit Trail System (OATS).
Negative response letters may be used to change the broker-dealer of record for customers' "direct application" mutual fund and variable annuity accounts in situations involving the acquisition or merger of a member firm, where the acquiring or surviving entity is the legal successor-in-interest to the member firm.
