FINRA Seeks Comment on Proposed Amendments to Margin Rule and Diversity Initiatives
Friday, May 7, 2021 FINRA Seeks Comment on Proposed Amendments to Margin Rule Requirements The Financial Industry Regulatory Authority (FINRA) is requesting comment on proposed amendments to Rule 4210 (Margin Requirements) that seek to clarify current interpretations related to extended settlement transactions. Rule 4210 generally requires firms to collect margin when they extend credit to their customers, and extensions of credit covered by the rule include transactions in which member firms permit customers to make partial or delayed payment on securities purchases (or partial or...
Source: natlawreview.com