FINRA released a podcast that summarized the latest FINRA notices, compliance resources and news from August 2015. Recent developments highlighted in the podcast included the: Notices SEC's approval of FINRA's amendments to web-based delivery of continuing education's Regulatory Element (FINRA Reg. Notice 15-28) FINRA's revision of the Series 4 Examination Program (FINRA Reg. Notice 15-29) SEC's approval of consolidated FINRA Rule 2241 to "address conflicts of interest related to publication and distribution of equity research report" that replaces NASD and NYSE rules (FINRA Reg. Notice 15-30)
News & Insights
FINRA proposed amendments to reporting rules concerning over-the-counter transactions in equity securities to FINRA Facilities to (i) allow the submission of "clearing-only, non-regulatory reports" relating to previously executed and reported transactions and (ii) exempt such reports from certain reporting requirements under FINRA rules. FINRA proposed adopting a new subparagraph (4) under FINRA Rules 7130(g), 7230A(i), 7230B(h) and 7330(h) ("Submission of Non-Tape Reports Associated with Previously Executed Trades") to create a uniquely identified category of submissions to FINRA that are
The SEC solicited comment on a FINRA proposal to create a new Academic Corporate Bond TRACE Data product that would be available to institutions of higher education. The FINRA proposal was published in the Federal Register.
The SEC appointed three new members to its Investor Advisory Committee. In addition, the SEC reappointed five members whose terms had recently expired.
The Office of Financial Research examined securities-lending activity based on pilot data collected by the OFR, the Federal Reserve System and the SEC.