How should members report a Stop Stock transaction that is executed within 30 seconds of the time the member and the other party agree to the Stop Stock price?
A402.3: Generally, Stop Stock transactions must be reported with a special trade report modifier as specified by FINRA, and the trade report must include the time at which the member and the other party agreed to the Stop Stock Price in lieu of the actual time the trade was executed. See Rules 6282(a), 6380A(a), 6380B(a) and 6622(a). However, if the Stop Stock transaction is executed and reported within 30 seconds of the time the member and the other party agree to the Stop Stock Price, then the special trade report modifier should not be used and the execution time should be the actual time the trade was executed (not the time the parties agreed to the Stop Stock Price).
