FINRA Proposes Rule Amendment Regarding Supplemental Schedule for Inventory Positions (Fed. Reg.)

The FINRA-proposed rule to amend FINRA Rule 4524 ("Supplemental FOCUS Information") to adopt a supplemental schedule for inventory positions was published in the Federal Register. The proposed amendment would require a member's firm to file an additional schedule that provides more detailed information about long and short inventory positions than what is currently captured on FOCUS reports. The new supplementary schedule would be due 20 business days after the end of a firm's FOCUS or FOGS reporting period.

Comments regarding this proposal must be submitted to the SEC by July 17, 2014.

See: 79 FR 36357.Related news: FINRA Proposes to Adopt Supplemental Schedule for Inventory Positions (June 16, 2014).