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.
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The SEC requested comment on a partial amendment that would clarify the CAT NMS Plan proposal to implement a revised funding model for the consolidated audit trail and establish a new fee schedule.
The SEC extended the period to approve a joint SRO proposal to implement a revised funding model for the consolidated audit trail and establish a fee schedule for Participant CAT fees.
The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.
FINRA proposed extending temporary Covid-related relief from procedural requirements in FINRA rules, and to conduct certain hearings by videoconference.