Fines & Wines
Fines & Wines is a podcast by TRADEliance - a consulting firm for firms in the U.S. financial industry focused on Trading Operations and Compliance issues. Listen in as Jesy and Kat discuss their take on some of the recent disciplinary actions shaping the financial industry over a glass of fine wine. Though these episodes are intended to be casual, and a fun take on discussing regulation, our consultants are serious when it comes to helping you out. www.tradeliance.com
Fines & Wines
When Complex Rules Cause Complex Issues
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TRADEliance
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Season 1
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Episode 14
In this episode, TRADEliance founders, Jesy and Kat, review a high-profile enforcement action with a lot to unpack. So, pour yourself a glass of wine and listen as they discuss:
- Failing to reasonably supervise the firm’s maintenance and reporting of accurate and complete trade, order, and position data such as:
- Blue Sheets.
- Reporting fractional shares to TRF and CAT reporting.
- Mismarking option orders origin code.
- Customer option positions to LOPR.
- The firm's short interest positions.
- Executing trades during trading halts and failing to comply with Reg NMS to address extraordinary market volatility.
Also, send your recommendations for new wine openers to solutions@tradeliance.com!
Read the FINRA Press Release here.
TRADEliance consultants have the practical experience in Trading Operations & Compliance that help you achieve results. For a free needs assessment, contact solutions@tradeliance.com
