SEC Approves FINRA Rules for Further Price Disclosure on Retail Transactions

[kreslik.news]

The Securities and Exchange Commission (SEC) has approved new rules, proposed by the Financial Industry Regulatory Authority (FINRA), requiring members to disclose mark-ups and mark-downs for certain fixed-income securities on retail customer’s trade confirmations.

The new reporting obligations, which will be implemented in a date to be announced later in a separate regulatory notice, is designed to help retail customers understand and compare transaction costs in corporate and agency debt securities.

The disclosure requirement will provide meaningful pricing information that helps retail investors monitor costs and get useful insights into their brokers’ pricing practices. In addition, it should help individual traders to ... (read more)