27 May 2025
📈SEC Notice on FINRA Rule 6152
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Adopt FINRA Rule 6152 (Disclosure of Order Execution Information for NMS Stocks)
Summary
The SEC has announced an extended review period for FINRA's proposed Rule 6152, which mandates publishing order execution information for NMS stocks. This rule aims to enhance market transparency, requiring members to submit execution reports for public access on the FINRA website.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's notice regarding FINRA Rule 6152 obliges members to disclose order execution reports, which may increase compliance and reporting costs for brokers while enhancing market transparency. This change could impact trading practices and competitive dynamics.