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"The proposal would put forward changes in two areas: the scope of what is cleared, and a set of reforms related to customer clearing"
Enforcement actions reflect cases that tie back to many of the issues flagged in FINRA's 2022 exam focus report
FINRA claims broker-dealer charged commissions on low-principal transactions that were "not fair and reasonable"
Enforcement action speaks to need to establish procedures for the handling of disclosure-related software updates
Increase in electronic trading a factor in FINRA proposing reducing the trade reporting timeframe for TRACE-eligible securities
Scheme involved placing and then, seconds before the market close, cancelling "Closing D Orders"
In a Q&A format, the bulletin addresses identifying, eliminating, mitigating and disclosing conflicts, as well as product menus
If approved, the amendments would extend FINRA oversight to potentially dozens of additional broker-dealers
SRO has seen an increase in the number of reps forging or falsifying customer signatures through third party digital signature platforms