Built for Compliance,

Not Around it.

Frequently Asked Questions

Still have questions? Take a look at the FAQ or reach out anytime. If you’re feeling ready, go ahead and request our state of the art integration.

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    • FINRA-registered counterparty

    • Principal risk assumed by SPI on every transaction

    • Execution above the national best bid — full conformity with the Rule 201 uptick requirement

    • Suitable for regulated broker-dealer and institutional fund relationships

    • No circuit-breaker language. No claimed exemptions. No workarounds.

  • We operate as a principal buyer in transactions involving SSR-flagged securities under SEC Rule 201.

  • We combine a thoughtful, human-centered approach with clear communication and reliable results. It’s not just what we do—it’s how we do it that sets us apart.

  • Rule 201 restricts short sale orders from executing at or below the national best bid when the circuit breaker has been triggered. The rule does not restrict purchases.

    SPI operates as a buyer — not a seller. We purchase SSR-flagged securities above the bid, satisfying the uptick requirement on behalf of our counterparty. Client risk transfers to SPI on execution.

    This is the mechanism the rule permits. SPI is purpose-built to execute it as a principal.

  • Chat with our team members any time by visiting our About page. A member of our small staff of incredible industry professionals will be in touch within one buisiness day

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For Your Compliance Review

We understand that onboarding a new counterparty requires internal approval. Common compliance questions we can address directly:

FINRA registration documentation // Counterparty agreement and trade confirmation structure // Rule 201 legal memo (upon request)

Principal vs. agency trade classification // FIX connectivity and data security overview

Our team will provide whatever documentation your compliance and legal teams require to complete their review.

We commit to a one business day response on all documentation requests.

Let’s Connect

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Disclosure

SPI Stocks LLC operates in partnership with a FINRA-registered broker-dealer, fully compliant with applicable securities regulations. All securities transactions are subject to applicable federal and state securities laws and FINRA rules. This website is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security.

Past execution availability cannot guarantee future availability. Integration is subject to counterparty approval and applicable regulatory requirements.

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