NASDAQ OMX is launching a new options market, Nasdaq BX Options, in late June 2012, pending SEC approval.  The same interfaces available on Nasdaq OMX Phlx and Nasdaq Options Market (NOM) will…

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Since early February, FINRA has had the authority to require broker-dealers to file additional supplemental information to the FOCUS Report – FINRA Rule 4524, Supplemental FOCUS Information.  FINRA has put out for…

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FINRA has amended Rule 7610A, Securities Transaction Credit, relating to the FINRA/Nasdaq TRF (or Trade Reporting Facility).  Specifically, FINRA is codifying the definition of, and methodology for, determining “attributable revenue” for purposes of calculating…

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The SEC on Thursday re-opened the public comment period for proposed amendments to its net capital, customer protection, books and records, and notification rules for broker-dealers.  As proposed, the rule amendments are designed to update the financial responsibility rules…

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FINRA requested approval from the SEC to revise its rule relating to its Trading Activity Fee Rate for Transactions in Covered Equity Securities.  FINRA wishes to increase the TAF rates that were put into place as of 3/1/12.

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The Jumpstart Our Business Startups Act (“JOBS Act”) was enacted 4/5/12 – and already people have questions!  SEC Division of Corporation Finance has compiled these Frequently Asked Questions and answers to guide firms with implementing and applying the JOBS…

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FINRA soon will introduce a new public offering filing system for public offerings that are required to be filed under FINRA Rules 5110, 5121 and 2310 – Corporate Financing Rules.  The new Public Offering System, which will replace COBRADesk,…

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Web CRD/IARD will be updated on/or about 5/14/12, with the release and implementation of Software Release 2012.2.  Updates will impact the following areas:

Investment Adviser Public Disclosure (IAPD) FINRA Broker Check IARD Form Filing IARD View Organization IARD Reports

Private Funds Reporting Depository (PFRD)….

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NYSE Regulation reminds Floor brokers and Floor broker member organizations on the NYSE and Amex Equities, of the requirements of Exchange Rule 95, which governs both discretionary transactions and trading for the same account on both sides of the…

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Tech Spec Changes Required.

The format and content of Crossing Session 2 will be changing – with the new start date being 5/7/12.  Per NYSE IM 11-6, CSII Baskets are not exempt from the Regulation SHO short sale…

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