Instinet had $50B of $67B waived in Excess Capital Premiums Waived over a 2 Year Period. Instinet also received a massive waiver on January 28, 2021. FINRA: “Instinet experienced late reporting issues in connection with at least 26 billion events from November 2020 through December 2022”
by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2020067139101%20Instinet%2C%20LLC%2C%20CRD%207897%20AWC%20gg.pdf STILL NOT COMPLETE!!! Wut Mean?: Instinet was mandated to start reporting order data to the CAT Central Repository from June 22, 2020. Instinet hired a third-party vendor for CAT reporting, but their internal data specifications were inadequate for proper CAT-format reporting. In June 2020, Instinet informed FINRA that they foresaw CAT reporting …
