June 24, 2024

In The News

FINRA Updates to Rule 6151

On June 30th 2024 FINRA Rule 6151 will go into effect.  The first report(s) must be submitted to FINRA by July 31, 2024, FINRA Rule 6151, also known as the Disclosure of Order Routing Information for NMS Securities, requires member firms to submit order routing reports to FINRA for publication. The rule’s purpose is to give the public and investors centralized access to the reports, which can help them make informed decisions. It also aligns with FINRA’s commitment to protecting investors, fairness, and efficiency in financial markets.


Member firms will need to complete the entitlement process for accessing FINRA’s systems. Once processed, firms may upload documents through the FINRA Gateway user interface or via a direct machine-to-machine file transfer. Once the reports are submitted, firms will be notified of the file upload status. A firm will require a FINRA Entitlement account and a designated Super Account Administrator (SAA) to submit Rule 606(a) Reports using FINRA’s systems.  For FINRA Gateway, refer to the SAA link ( https://www.finra.org/filing-reporting/entitlement/super-account-administrator-saa ) on how to get entitlements/account access. In the case of machine-to-machine file uploads (using fileX https://www.finra.org/filing-reporting/data-transfer-tools/fileX), the firm is required to reach out to the FINRA support group (https://www.finra.org/filing-reporting/entitlement/ftpift-users or via telephone at (800) 321-6273 ) to create/modify user accounts as well as grant entitlements.


Link to : FINRA Rule 6151 Order Routing Information Filing Guide


The following information is made available of the FINRA website and can be found : https://www.finra.org/rules-guidance/notices/24-05

Regulatory Notice 24-05 | FINRA.org

FINRA is adopting new Rule 6151 (Disclosure of Order Routing Information for NMS Securities) to require members to submit to FINRA for centralized publication the order routing reports required under the Securities and Exchange Commission’s (SEC) Rule 606(a) (Rule 606(a) Reports). These amendments will take effect on June 30, 2024. Therefore, members will be required to submit their Q2 2024 Rule 606(a) Reports to FINRA no later than July 31, 2024.The text of the new rule is available in the online FINRA manual.Questions regarding this Notice may be directed to:James Turnbull, Senior Director, Market Regulation, by email or (212)


Additional FAQ’s on 6151 Can be found : https://www.finra.org/filing-reporting/rule-6151-reporting-compliance#faqs

FINRA Rule 6151 – Centralization of SEC Rule 606(a) Reports