FINRA Podcast: November 2014 Monthly Recap
FINRA released a podcast summarizing the latest FINRA notices, compliance resources and news from November 2014.
The podcast highlighted recent regulatory notices, including:
- Notice 14-46, which requested comments on a proposal to identify over-the-counter trades in NMS stocks that are reported more than two seconds after execution as "out of sequence" and not last-sale eligible for public dissemination purposes;
- Notice 14-47, which requested comments on a proposal to reduce the synchronization tolerance for computer clocks from one second to 50 milliseconds;
- Notice 14-48, which requested comments on a proposal to publish the remaining equity volume that was executed over-the-counter, including non-ATS electronic trading systems and internalized trades;
- Notice 14-49, which concerned FINRA's amendments to increase the honoraria that arbitrators receive for participating in hearing sessions, serving as chairpersons, deciding contested subpoena motions and deciding simplified arbitration cases;
- Notice 14-50, which requested comments on three proposed pay-to-play rules regarding campaign contributions;
- Notice 14-51, which requested comments on two proposals regarding equity market disclosure;
- Notice 14-52, which requested comments on a proposal that would require firms to disclose additional information on customer confirmations for transactions in fixed-income securities; and
- Notice 14-53, which reminded member firms of their TRACE trade reporting obligations for transactions in TRACE-eligible securities occurring through an alternative trading system ("ATS").
FINRA also reminded firms of upcoming conferences and various online learning tools for registered members.
See: Transcript of Podcast; Listen to Podcast.Related news: FINRA Requests Comments on a Proposal Regarding the Reporting of OTC Equity Trades (FINRA Reg. Notice 14-46) (November 12, 2014); FINRA Requests Comment on a Proposal to Tighten Business Clock Synchronization Requirements (FINRA Reg. Notice 14-47) (November 12, 2014); FINRA Requests Comment on a Proposal to Publish OTC Equity Volume Executed Outside ATSs (FINRA Reg. Notice 14-48) (November 12, 2014); SEC Approves Various FINRA Amendments to Arbitration Procedure (FINRA Reg. Notice 14-49) (November 14, 2014); FINRA Requests Comment on a Proposal to Establish a "Pay-to-Play" Rule (FINRA Reg. Notice 14-50) (with Lofchie Comment) (November 14, 2014); FINRA Requests Comment on Equity Market Disclosure Proposals (FINRA Reg. Notice 14-51) (November 17, 2014); FINRA and MSRB Propose Requiring Confirmation Disclosure of Pricing Information in Fixed Income Securities Transactions (FINRA Reg. Notice 14-52; MSRB Reg. Notice 2014-20) (with Patel Comment) (November 17, 2014); FINRA Reminds ATSs and ATS Subscribers of Trade Reporting Obligations in TRACE-Eligible Securities (FINRA Reg. Notice 14-53) (November 21, 2014).