FINRA Notice 15-48

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Summary

Effective Date: April 2, 2016

Pursuant to rule amendments that will become effective on April 2, 2016, FINRA will expand its alternative trading system (ATS) transparency initiative to publish the remaining equity volume executed over-the-counter (OTC) by FINRA member firms, including the trading activity of non-ATS electronic trading systems and internalized trades. Beginning on Monday, April 18, 2016, data as of April 4, 2016, will be available in accordance with the amendments—free of charge to all users—on FINRA’s website.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-48.pdf

Regulatory Updates for FinOps

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ACI’s expert team is able to offer results oriented programs largely based on our experience and knowledge. The regulatory landscape is constantly changing and, now more than ever, clients need and want to know their financial future is secure. As an industry, we need to better understand our regulatory responsibilities and restore confidence in the financial markets.

Below, ACI has collected SEC, FINRA, and other regulatory notices that are most pertinent to the broker-dealer FinOp role. Ultimately the broker dealer is responsible for understanding and adhering to all regulations, as complex and expansive as they may be. It is critical to stay up to date, but you don’t have to be alone. If you partner with ACI, our team of CPAs, FinOps, and financial services professionals will help you fully understand and minimize your risks.

Contact ACI today to learn more about our approach to managing the financial regulatory landscape with our clients.

Important Regulatory Notices for FinOps – FINRA

2016 FINRA Notices

FINRA-Notice 16-09

FINRA-Notice 16-08

FINRA-Notice 16-07

FINRA-Notice 16-05

FINRA-Notice 16-04

FINRA-Notice 16-03

FINRA-Notice 16-02

FINRA-Notice 16-01

2015 FINRA Notices

FINRA-Notice 15-52

FINRA-Notice 15-51

FINRA-Notice 15-50

FINRA-Notice 15-49

FINRA-Notice 15-48

FINRA-Notice 15-47

FINRA-Notice 15-46

FINRA-Notice 15-45

FINRA Notice 15-44

FINRA Notice 15-43

2014 FINRA Notices

FINRA Notice 14-45

For the full list of FINRA Notices visit www.finra.org/industry/notices.

Give us a call at 212-668-8700, or reach out via our contact form to learn more.

FINRA Notice 15-47

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Summary

Implementation Date: May 23, 2016

The SEC approved amendments to the Trade Reporting and Compliance Engine (TRACE) rules to require an indicator when the TRACE report does not reflect a commission or mark-up/mark-down. The implementation date for these amendments is May 23, 2016.

The amended rule text is available in the online FINRA Manual.

See the attached pdf, for the full text:

pdf FINRA_Notice_15-47.pdf

FINRA Notice 15-46

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Summary

November 2015

In light of the increasingly automated market for equity securities and standardized options, and recent advances in trading technology and communications in the fixed income markets, FINRA is issuing this Notice to reiterate the best execution obligations that apply when firms receive, handle, route or execute customer orders in equities, options and fixed income securities. FINRA is also issuing this Notice to remind firms of their obligations, as previously articulated by the Securities and Exchange Commission (SEC) and FINRA, to regularly and rigorously examine execution quality likely to be obtained from the different markets trading a security.FINRA also welcomes comments on whether there are other topics related to best execution for which additional guidance would be helpful. Any such comments can be emailed to pubcom@finra.org.

See the attached pdf, for the full text:

pdf Notice_Regulatory_15-46.pdf