Proposed Rule Change to Eliminate Fees for Historical Trade Data Accessed Through the FINRA ADDS Website
The SEC recently adopted changes to SEC Rule 144 that shorten the
holding period requirements for privately placed securities before they can
be sold into the secondary market, subject to the conditions of the rule,
and that may change industry conventions in the resale of privately placed
debt securities.
Proposed Rule Change Relating to Amendments to the Order Audit Trail System Rules
Effective December 31, 2007, new NASD Rule 1160 (Contact Information Requirements) streamlines the review and verification of contact information and eliminates the requirement that member firms review and update certain designated contact information on a quarterly basis. The new rule requires firms to update designated contact information promptly upon any material change, verify such information annually and comply promptly with any request for such information.
Proposed Rule Change to Amend FINRA Rule 2242 (Debt Research Analysts and Debt Research Reports)
Proposed Rule Change to Revise the Series 16 Examination Program
FINRA Provides Guidance on Communications With the Public Concerning Unlisted Real Estate Investment Programs
GUIDANCE
Trade Shredding
SUGGESTED ROUTING
KEY TOPICS
Legal and Compliance
Operations
Senior Management
Trading
Market Orders
Rule 3380
Trade Shredding
Executive Summary
On February 24, 2006, the Securities and Exchange Commission
(SEC) approved new Rule 3380, Order Entry and Execution Practices,
which prohibits conduct known as "trade shredding."1 Specifically,
under
Proposed Rule Change to Revise the Private Securities Offerings Representative (Series 82) Examination
Proposed Rule Change to Revise the Direct Participation Programs Representative (Series 22) Examination
