FINRA released a podcast summary of FINRA news, notices and resources from June 2017.
The summary included the following FINRA notices:
- Regulatory Notice 17-22, which reminded firms that rule changes related to disruptive trading and quoting activity became effective on December 15, 2016;
- Regulatory Notice 17-21, which detailed new problem codes and other technical changes made by FINRA to customer complaint reports in order to support compliance with the DOL Fiduciary Rule and with earlier changes to MSRB Rules;
- an Information Notice that outlined new Section 31 fee rates for certain securities transactions (effective July 4, 2017); and
- a Trade Reporting Notice that reminded members of new TRACE reporting requirements for transactions in U.S. Treasury securities (effective July 10, 2017).
In the podcast, FINRA highlighted several upcoming events, including a blockchain symposium that will be held in New York on July 13, 2017, and the National Compliance Outreach Program for Broker-Dealers, which will be held in Washington, D.C. on July 27, 2017.
Additionally, FINRA noted that William Heyman was elected as Chair of the FINRA Board of Governors, and that the Office of the Chief Economist issued a research note on liquidity in structured products.
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