On September 28, the Financial Industry Regulatory Authority proposed an amendment to modify fees and transaction credits applicable to FINRA members that use the FINRA/NYSE Trade Reporting Facilitiy (TRF). The FINRA/NYSE TRF is a facility members use to report over-the-counter trades in NMS stocks.
Continue Reading FINRA Proposes Rule to Modify Fees and Transaction Credits for the FINRA/NYSE Trade Reporting Facility
NYSE Proposes Rule To Expand Pre-market Notice Period Prior to Disseminating Material News
By Mark J. Reyes, Mark D. Wood & Bobby Staloff on
Posted in SEC/Corporate
On August 27, the New York Stock Exchange (NYSE) filed with the SEC a proposed rule change to:
(1) require NYSE-listed companies to notify the NYSE prior to disseminating material news if such dissemination occurs between 7:00 a.m. and 4:00 p.m. (ET), and to advise the NYSE whether a trading halt is appropriate during pre-market hours; and
(2) provide the NYSE with authority to halt trading in circumstances in addition to those already in effect, including when the NYSE believes it is necessary to request certain information from listed companies.
Continue Reading NYSE Proposes Rule To Expand Pre-market Notice Period Prior to Disseminating Material News
FINRA Requests Comment on Revised Discretionary Accounts and Transactions Rule
By James Van De Graaff on
Posted in Broker-Dealer
The Financial Industry Regulatory Authority is requesting comment on a revised proposal to consolidate and clarify certain National Association of Securities Dealers (NASD) and New York Stock Exchange rules into new FINRA Rule 3260 (Discretionary Accounts and Transactions by Persons Other Than the Customer) in the consolidated FINRA rulebook.
Continue Reading FINRA Requests Comment on Revised Discretionary Accounts and Transactions Rule