A firm operating as a "market center" settled FINRA charges for under-reporting "covered orders" in contravention of SEC disclosure requirements on order execution.
News & Insights
The new MSRB data product to provide institutions of higher education with post-trade municipal securities transaction data collected through the Real-Time Transaction Reporting System will be made available for purchase effective February 27, 2017.
SEC Release (FINRA Rulemaking) The SEC declared immediately effective a FINRA provide members until Feb. 28, 2011 to report certain TRACE transactions that recently became subject to the reporting rules. The extension applies to trades effected between 3/1/2010 and 11/30/2010 in securities not identified by a CUSIP. Document Number SR-FINRA-2011-011 SEC Release 34-63709 Date January 12, 2011 Cross References (links may require a Cabinet subscription) FINRA Rule 6700 Series
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.
Two broker-dealers settled separate SEC charges for submitting deficient electronic blue sheet data.