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News Nuggets | 19 October: FINRA's Prop Trading Exemption; KuCoin's New Futures Platform

News Nuggets | 19 October: FINRA's Prop Trading Exemption; KuCoin's New Futures Platform
FINRA Amends Exemption for Proprietary Trading FirmsThe Financial Industry Regulatory Authority (FINRA) has updated its bylaws to exempt proprietary trading firms from the Trading Activity Fee (TAF) for transactions carried out on an exchange where the firm is a member. This change aligns with amendments to Rule 15b9-1 of the Securities Exchange Act of 1934, which narrows the exemption from FINRA membership for proprietary trading firms. The TAF amendment will take effect on 6 November 2023, the... Read More
Posted: Oct 19 2023, 10:53
Author Name: financemagnates
Views: 082359

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