FINRA Fall 2013 Firm Element Advisory Podcast, Part II

FINRA has released a podcast which highlights new and updated topics intended to help firms develop their firm element training programs.FINRA has included several investor advisories regarding options such as designating an additional index for calculating conventional equity option position limits. Additionally, FINRA noted that the SEC approved its Limit Up/Limit Down Plan, which addresses market volatility.

FINRA explained that it has modified its trade reporting rules, which require member firms to report OTC transactions in equities to FINRA "as soon as practical" but no later than 10 seconds after execution. Additionally, FINRA has amended its dissemination protocols.

See:FINRA Firm Element Advisory Podcast; CE Council Fall 2013 Element Advisory.Related news: SEC Approves FINRA Rule Proposals Regarding Securities Loans and Allocations of Securities Calls (with Lofchie Comment) (November 27, 2013) FINRA Proposes Rule to Amend Uniform Branch Office Registration Form (Form BR) (November 25, 2013) FINRA Proposes Rule Relating to OTC Equity Trade Reporting and OATS Reporting (November 12, 2013) FINRA Regulatory Notice 13-39: SEC Approved Amendments to FINRA Rule 2360 and Rule 4210 Regarding OTC Options Cleared by OCC (November 7, 2013); FINRA Files Amendment to Proposed Rule Change Relating to Wash Sale Transaction, Self-Trades and FINRA Rule 5210 (December 4, 2013); FINRA Podcast: November 2013 Monthly Recap (December 4, 2013); FINRA Proposes Rule Regarding New Entrant to Alternative Display Facility(December 3, 2013).