FINRA proposed a rule change that would require firms to use the same timestamp granularity for trade reports to FINRA's Equity Trade Facilities that are used in submissions to the consolidated audit trail.
The SEC proposed amendments to the national market system plan governing the Consolidated Audit Trail that would (i) increase security requirements for the use of collected data and (ii) reduce the scope of sensitive information required to be collected.
A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.
FINRA requested comment on proposed amendments to FINRA Rule 6730 that would require firms to identify corporate bond trades (i) where the trade price is based on a delayed Treasury spot trade, which is one that "was priced earlier in the day based on the spread to a U.S. Treasury Security" and (ii) that are within a larger portfolio trade.
FINRA and the national securities exchanges participating in the National Market System Plan Governing the Consolidated Audit Trail amended a previous request to the SEC for exemptive relief from certain reporting requirements.