The MSRB set a comment deadline of February 26, 2024 on proposal to shorten the time allowed for post-trade reporting. The proposal was published in the Federal Register.
News & Insights
A broker dealer settled FINRA charges for failing to disclose to retail customers markup and markdown information on transactions in debt securities, including municipal securities and corporate and agency debt.
The MSRB proposed rule amendments to shorten the time allowed for post-trade reporting to within one minute; separately, FINRA proposed rule amendments to reduce the 15-minute TRACE reporting timeframe to one minute, with exceptions for de minimis reporting activity and for manual trades.
A broker-dealer settled charges with FINRA for reporting transactions to the Trade Reporting and Compliance Engine without the required "No Remuneration" indicator.
A firm settled charges with FINRA for inaccurately reporting 600,000 transactions to the Trade Reporting and Compliance Engine due to its failure to include a "No Remuneration" indicator.