FINRA Proposes Modifications to FINRA/Nasdaq Trade Reporting Facility Fees

FINRA proposed amendments to modify reporting fees under FINRA Rule 7620A ("FINRA/Nasdaq Trade Reporting Facility Reporting Fees"). The proposed amendments would (i) remove the per-transaction late report and corrective transaction fees imposed on non-retail participants using the FINRA/Nasdaq Trade Reporting Facility Carteret and the FINRA/Nasdaq Trade Reporting Facility Chicago, and (ii) raise the "Participation Fee" to account for the overhead costs arising from late and corrective transaction report processing.

Comments on the proposal should be submitted within 21 days of its publication in the Federal Register.