The SEC extended a deadline to consider whether to approve or disapprove a FINRA proposal to establish new order routing disclosure report publication requirements for over-the-counter and National Market System equity securities orders. The SEC extended the deadline from June 4, 2023 to August 3, 2023.
To help firms prepare for the November 6, 2023 effective date for reporting transactions on TRACE involving foreign sovereign debt securities, FINRA will post a monthly file of FINRA Symbols and CUSIPs.
FINRA requested comment on a proposal to require market participants to submit reports disclosing order executions in National Market System stocks to FINRA. Submitted reports would then be published in a centralized location on the FINRA website.
FINRA reported that it collected $48.1 million in fines, but had $111.4 million in fines-eligible expenditures. FINRA said that the balance between the monies collected and the expenditures was funded from reserves and excess operating results.
A broker-dealer settled FINRA charges for overstating the projected yield and annual income for nine money market funds on customer account statements.