On December 3rd, the Financial Industry Regulatory Authority announced it will waive TRACE late trade reporting fees if a firm in an area affected by Hurricane Sandy reported certain transactions in TRACE-eligible securities late. The late trade reporting fee will be waived for transactions that were executed on Monday, October 29, 2012, or Tuesday, October 30, 2012, by firms located in the affected areas (or that have their fixed income operations in the affected areas), provided that the affected firms reported the transactions no later than Wednesday, October 31, 2012. FINRA Regulatory Notice 12-53.