FRB said Friday it seeks public input on its data collection proposal and believes the initiative will complement the mission of the Securities and Exchange Commission.
The board added SEC approved FINRA’s new policy that requires the self-regulatory organization’s broker-dealer members to report secondary market transactions.
Federal Reserve Governor Jerome Powell said the collection of the data will help the U.S. official sector gain a detailed view of secondary market transactions for Treasury securities.
FINRA is a Congress-authorized organization that develops and enforces rules governing securities firms and brokers, examines firms for compliance with guidelines, educates investors and promotes market transparency.