How often are Focus reports filed?

This is done via the filing of a FOCUS Report, often submitted electronically using FINRA’s eFOCUS system to maximize security, accuracy, and proper documentation. Usually, ACI submits the formal report for member firms every month of the year.

How do I amend a focus report?

You must create an amendment from the FINRA Gateway “Completed” tab if you wish to make changes to filing content. You may be asked by your clearing firm to send your completed FOCUS filings through FINRA eFOCUS. You must manually transmit each filing you wish to send.

What time does finra release reports?

FINRA requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month. All short interest positions must be reported by 6 p.m. Eastern Time on the second business day after the reporting settlement date designated by FINRA.

Where can I find Focus reports?

Go to and use your existing FINRA user ID and password to login. If you are not yet familiar with the Firm Gateway, a brief tutorial is available from the login screen. Upon logging in, access your firm’s FOCUS filing under the Requests option on the left navigation bar.

What is a focus report SEC?

The SEC calls this form a Financial and Operational Combined Uniform Single (FOCUS) Report, as it presents a combination of the financial and operational health of a broker-dealer who is registered with the SEC.

What is SEC Rule 15c3 3?

Enacted in 1972 by the SEC, Rule 15c3-3 is designed to protect client accounts at securities brokerage firms. In short, the rule dictates the amount of cash and securities that broker-dealer firms must segregate in specially-protected accounts on behalf of their clients.

How is short interest reported?

Short interest is generally expressed as a percentage of the number of shorted shares divided by the total outstanding shares. A company with a 10% short interest, for example, might have 10 million short shares out of 100 million shares outstanding. Short interest is an indicator of market sentiment.

What is short interest reporting?

Report Overview Short positions are those resulting from short sales. Each FINRA member firm is required to report its “total” short interest positions in all customer and proprietary accounts in Nasdaq-listed securities twice a month. The short interest information includes the adjustment for stock splits.

What is exemption report?

Exemption Report means the report (in the form report set out at Appendix 2 (Exemption Report)) to be completed when an Exemption is requested.

What is a focus report?

An SEC form (Financial and Operational Combined Uniform Single Report) on which a US registered broker-dealer reports to the SEC and its primary SRO its net capital position as calculated under SEC Rule 15c3-1 (the SEC net capital rule) on a monthly or quarterly basis.

When do firms have to file focus reports?

FOCUS Reports Firms must submit their FOCUS Reports electronically through the eFOCUS System available via the FINRA Firm Gateway. For information about completing the FOCUS Report, please see the FOCUS Report submission guidance. Monthly and Fifth5 FOCUS Part II/IIA Filings Period End Due Date January 31, 2020 February 26, 2020

Where can I find focus filing due dates?

Due dates for FOCUS filings may be found on the Filing Due Dates page. 2. How can I enter the Calendar Year and/or SEC File Number in my Schedule I filing?

When to file NYSE focus Part II report?

The NYSE requires their member and member organizations, who have chosen to file their FOCUS Part II as of a date other than the last calendar day of a month or quarter, to file their FOCUS Report 17 business days from their month-end closing date.

When is a fifth focus report due to FINRA?

A Fifth FOCUS Report is an additional report that is due from a member firm whose fiscal year end is a date other than a calendar quarter. See Regulatory Notice 12-11 (Supplemental FOCUS Information) (February 2012). See Regulatory Notice 16-11 (Supplemental FOCUS Information) (April 2016).