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Guidance Note 1 – FINRA Rule 6730

Graphic map outlining the world with GRIP Guidance Note spelled out.
Graphic: GRIP/Yvonne Hsu

Late reporting to TRACE.

Description of issue

Transaction reporting under TRACE must happen as soon as practicable, but no later than within 15 minutes of the time of execution.

Firms often struggle in this area and FINRA is likely to discipline if it uncovers late reporting.

Considerations for compliance

Things that you should consider looking