SEC Amendments to OTC Equity Trade Reporting Rules

On May 23, the SEC approved amendments to FINRA trade reporting Rules 6282, 6380A, 6380B, 6622, 7130, 7230A and 7230B to require member firms to report over-the-counter transactions in equity securities to FINRA as soon as practicable, but no later than 10 seconds following execution.  The amendments also apply to trade cancellations as well as stop stock and prior reference price trades.  The amendments will become effective on November 4.  FINRA NoticeFINRA Amendments.