Corporate and Financial Weekly Digest - Volume XI, Issue 13

Katten Muchin Rosenman LLP
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BROKER-DEALER -

FINRA Proposes Amendment to Transactions in Exchange-Traded Managed Fund Shares Rule -

On March 29, the Financial Industry Regulatory Authority filed with the Securities and Exchange Commission a proposed amendment to FINRA Rule 6184 (Transactions in Exchange-Traded Managed Fund Shares (NextShares)). The amended rule would require the FINRA/NASDAQ Trade Reporting Facility (FINRA/NASDAQ TRF) to provide market participants with access to the final trade price for each over-the-counter (OTC) transaction in NextShares reported to the FINRA/NASDQ TRF for public dissemination purposes. Such change is intended to further enhance market transparency and price discovery by ensuring market participants have access to additional pricing information relating to OTC transactions in NextShares.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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