FINRA proposes new academic TRACE data set. The Financial Industry Regulatory Authority (FINRA) requested comment on a proposal to create a new academic Trade Reporting and Compliance Engine (TRACE) data set that would be available to institutions of higher education. The new Academic TRACE Data set would include masked market participant identifiers. Comments should be submitted by September 14, 2015. The Municipal Securities Rulemaking Board is also soliciting comment on a similar proposal that would apply to municipal securities transaction data. (7/16/2015) FINRA press release.
CPOs making consolidated filings. The National Futures Association (NFA) requested that commodity pool operators that make consolidated filings under CFTC Regulation 4.22 and/or 4.27 notify the NFA of that status by July 31, 2015. (7/13/2015) NFA Notice I-15-17.
Bond liquidity investor alert. An Investor Alert entitled “Bond Liquidity-Factors to Consider and Questions to Ask” has been published by FINRA. The Alert warns investors about bond liquidity and possible investment losses for those who sell their bonds before maturity. (7/10/2015) FINRA press release.