The Financial Industry Regulatory Authority (FINRA) maintains the Trade Reporting and Compliance Engine (TRACE) vehicle to facilitate the mandatory reporting of bond sales in the United States. This includes all bonds interfacing with transactions in the over-the-counter secondary market in eligible fixed income securities. All broker/dealers who are FINRA member firms are required to report transactions involving corporate bonds to the TRACE system under an SEC approved set of rules.
We offer a free initial consultation to investors who feel they may have been victimized by fraudulent purchase and sales transactions involving bonds. For a free initial consultation contact the Law Offices of Timothy J. O'Connor at (518) 426-7700.