FINRA Proposal to Amend Trade Reporting Rules

Published on:
January 24, 2008

SIFMA provides comments to the SEC on a proposal to amend trade reporting rules to require related market center indicator on certain non-tape reports submitted to Financial Industry Regulatory Authority (FINRA), Securities Exchange Act Releases No. 57020, File No. SR-FINRA-2007-12.  SIFMA believes consideration of the proposal should be delayed considering the regulatory harmonization efforts currently underway. SIFMA also questions whether the benefits of the proposal out weigh the various costs that will incurred by FINRA members.

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