FINRA proposed a rule amendment to permanently adopt minimum quotation sizes for OTC equity securities implemented under the Tier Size Pilot Program.
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FINRA proposed removing the requirement that a broker-dealer must have "control" over a customer account in order for there to be a violation by the broker-dealer of its "quantitative suitability" obligation.
The Office of Foreign Assets Control extended a "maintenance and wind-down" period permitting authorized U.S. persons to participate in certain transactions involving a Russia-based aluminum company on the Specially Designated Nationals list.
The Secretary of the Treasury extended the compliance dates for regulations implementing qualified financial contract recordkeeping requirements for certain non-bank financial companies that may pose systemic risk.
FINRA staff concluded that member firms may use "Related Performance Information" in institutional communications concerning variable annuity and life insurance contracts.