INFORMATIONAL
TRACE Fees
The fee changes are effective as of October 1, 2002
SUGGESTED ROUTING
KEY TOPICS
Compliance
Legal
Operations
Senior Management
Rule 7010(k)
TRACE Fees
Rule 6200 Series
By Robert Cook, President and CEO, FINRA. Last month, the SEC issued an exemptive order providing significant relief from the personally identifiable information (PII) reporting requirements of CAT (the Exemptive Order). This was an important step towards reducing unnecessary PII risk associated with CAT, and was directionally consistent with a blog I previously wrote calling for CAT to stop collecting and storing investors’ PII. As discussed below, however, the Exemptive Order did not eliminate all PII from CAT.
On Monday and Tuesday of this week FINRA observed a small number of TRACE and ORF clients experiencing difficulties with their connections to the TRAQS website.
FINRA has observed a small number of TRACE and ORF clients experiencing difficulties with their connections to the TRAQS website. FINRA is currently researching the problem.
TRAQS clients with questions regarding this issue should contact FINRA Market Operations at (866) 776-0800.
Mr. Chairman and Members of the Committee: NASD would like to thank the committee for the invitation to submit this written statement for the record.
The FINRA Board of Governors will consider the following rulemaking item at its September 2014 meeting. After the September 19 meeting, FINRA will notify firms via email about the Board’s actions on this item and anticipated next steps, if any.
Equity Trading Initiatives
ATS Order Book Information
The Board will consider a proposal to require alternative trading systems (ATSs) to provide FINRA
Summary
FINRA has amended its By-Laws to exempt from the Trading Activity Fee (TAF) any transaction by a proprietary trading firm that occurs on an exchange of which the proprietary trading firm is a member.
The amendment to FINRA’s TAF will take effect on November 6, 2023.
The amended text of the FINRA By-Laws is set forth in Attachment A.
Questions regarding this Notice should be directed
To Whom It May Concern at FINRA,I’m writing as a long-time trader in the OTC markets to share my honest concerns about how Rule 15c2-11 has impacted retail investors like myself.This rule may have been created with good intentions — to protect investors and clean up bad actors — but the way it’s been enforced has done real damage to people who’ve spent years trading these markets responsibly.
