25 Jul 2025
📈FINRA Proposes Amendments to Transaction Reporting Rule 6730
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend FINRA Rule 6730 (Transaction Reporting)
Summary
The SEC released a notice on FINRA's proposed amendment to Rule 6730, which seeks to retain the 15-minute reporting limit for TRACE-eligible securities. This amendment includes options for reporting allocations across customer accounts, currently under consideration as the SEC extends the review period to gather more input on the changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by FINRA to amend Rule 6730 impacts transaction reporting requirements for businesses dealing with TRACE-eligible securities, which could affect compliance costs and operations. It highlights a significant regulatory change that business owners must monitor.