What does finra stand for?
the Financial Industry Regulatory Authority
FINRA Utility Menu To protect investors and ensure the market’s integrity, FINRA—the Financial Industry Regulatory Authority—is a government-authorized not-for-profit organization that oversees U.S. broker-dealers.
What is a trace eligible security?
The term “TRACE-eligible security” shall mean all United States dollar denominated debt securities that are depository eligible securities under NASD Rule 11310 (d); Investment Grade or Non-Investment Grade; issued by United States and/or foreign private issuers; and, if a “restricted security” as defined in Securities …
What is the difference between the SEC and the FINRA?
FINRA is a self-regulatory organization (SRO) that operates under the SEC, which is a federal government agency. While both agencies protect investors, FINRA primarily regulates broker-dealers and their agents, while the SEC has broad authority over securities markets.
What gets reported to trace?
These monthly reports cover trades of Treasuries, Securitized Products, Agency Bonds, and Corporate Debt that a member firm reported to the Trade Reporting and Compliance Engine (TRACE).
What is the 20 4 10 rule when buying a car?
The 20/4/10 rule uses straightforward math to help car shoppers figure out their budget. According to the formula, you should make a 20% down payment on a car with a four-year car loan and then spend no more than 10% of your monthly income on transportation expenses.
Who do the FINRA rules apply to?
FINRA Regulates Broker-Dealers, Capital Acquisition Brokers, and Funding Portals. A Broker Dealer is in the business of buying or selling securities on behalf of its customers or its own account or both. A Capital Acquisition Broker is a Broker Dealer subject to a narrower rule book.
Who is subject to FINRA rules?
What is trace activity?
TRACE is currently operated by the Financial Industry Regulation Authority (FINRA). The program provides individual investors and market professionals with access to information on nearly all OTC public and private fixed income trading activity.
What is LOPR?
Term. Description. Unequal Long and Short Positions. Members must report any account or accounts acting “In Concert” that hold over 200 contracts on either the long call/short put (bullish) or the short call/long put (bearish) side of the market.