Are correspondent clearing firms required to report INSITE data for non-FINRA members and foreign entities?
No, correspondent firms are required to report INSITE data for FINRA members ONLY. Are correspondent clearing firms required to report INSITE information regarding their own activities, the activities of correspondent firms that carry customer accounts or correspondent introducing firms that do not carry customer accounts? Clearing firms are required to file data on their own self-clearing activities and on their correspondents. Exemptions may be available for correspondents that do not carry customer accounts.
