Finra Moving to Expand Disclosures on Securitized-Debt Trading
This article is for subscribers only.
The Financial Industry Regulatory Authority, the non-governmental regulator of brokerages, is moving to disclose trade information on additional types of securitized debt.
Finra’s board has authorized its staff to seek approval from the U.S. Securities and Exchange Commission for the update to data released through its Trade Reporting and Compliance Engine, or Trace, according to a posting yesterday on its website. The proposal will cover bonds backed by assets including car loans and student borrowing, Finra said. It won’t extend to home-loan bonds known as collateralized mortgage obligations.