FINRA Trade Reporting Notice: Obligation to Report Cancellations of OTC Trades in Equity Securities

FINRA issued a trade reporting notice reminding reporting firms of their obligation to report cancellations of OTC trades reported to a FINRA facility. This obligation applies to all trades reported for publication purposes that ultimately do not clear and settle. This includes, for example, trades that have been declined by the contra party.

See: FINRA Notice; FINRA Executive Summary.