When Complex Rules Cause Complex Issues

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

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