In this episode, TRADEliance founders, Jesy and Kat, review a high-profile enforcement action with a lot to unpack. So, pour yourself a glass of wine and listen as they discuss:

• Failing to reasonably supervise the firm’s maintenance and reporting of accurate and complete trade, order, and position data such as:
  
  • Blue Sheets.
  • Reporting fractional shares to TRF and CAT reporting.
  • Mismarking option orders origin code.
  • Customer option positions to LOPR.
  • The firm's short interest positions.
• Executing trades during trading halts and failing to comply with Reg NMS to address extraordinary market volatility.

Also, send your recommendations for new wine openers to solutions@tradeliance.com!

Read the FINRA Press Release here.

TRADEliance consultants have the practical experience in Trading Operations & Compliance that help you achieve results. For a free needs assessment, contact solutions@tradeliance.com

Support the show

Support the show

The TRADEliance consultants have been hard at work this year, so it has been a while since we were able to make a new episode for you. In this episode, Jesy and Kat share their observations regarding FINRA enforcement trends for 2024 in the Capital Market space. Those trends include:

• Founders Jesy and Kat share updates from 2024
• Rule 605 & 606 reports
• Market Access
• Fixed Income Trade Reporting (TRACE and RTRS)
• Best Execution
• Trade Confirmations
• Prevailing Market Price
• Reg SHO
• Consolidated Audit Trail (CAT)

So sit back, pour yourself a glass of wine, and listen to us share our take-aways on the 2024 FINRA fines.

Support the show

This episode focuses on the trends in FINRA Enforcement over the course 2023. TRADEliance discusses a several high level trends before doing a more in depth discussion on two topics: Manipulative Trading and Market Access.

• Jesy and Kat crack open some mediocre bubbly to celebrate this episode.
• Firms should take note of conducting thorough testing to prevent and detect system issues.
• Many of the trends in enforcement also highlight the need for training.
• Other topics discussed include:
  • Trade Confirmations
  • Recordkeeping
  • 605/606
  • TRACE Trade Reporting
  • LOPR
  • Private Placements
  • Reg Sho
  • Best Ex
  • Market Orders for New Issues in the Secondary Market
  • Marking to Market Surveillance
  • CAT
  • Oversubscription of Partial Tender Offers

For information on any of the cases discussed, contact solutions@tradeliance.com

Support the show