The Securities and Exchange Commission approved amendments to a rule of the Financial Industry Regulatory Authority that will require member firms to disclose certain new transactionrelated information to retail customers for certain of their fixed income trades (click hereto access current FINRA Rule 2232). This information would include the amount of markup or markdown if the member engages in an offsetting trade in the same security on the same day; a link to a FINRAsponsored web page that includes trading data on the relevant security; and the execution time of the transaction. The amendments become effective May 14, 2018.
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SEC Approves NFA Proposed Mark-Up/Mark-Down Disclosure Requirement on Retail Investors’ Corporate and Agency Bonds’ Confirmations
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