FINRA 4210 Discussion with Broker-Dealers

Agile Moderated Webinar on May 11, 2022 at 11AM PT

View the recording below as moderator Chris Anderson of Agile and panelists Tom McHugh of JVB, Matt Johannes of StoneX, and Rob Branthover of Huntington Securities share their opinions on the latest FINRA 4210 amendments and associated implications for mortgage lenders.

In this webinar, attendees are briefed by the panelists on the SEC order approving FINRA amendments to Rule 4210 (“Margin Requirements”) for Covered Agency Transactions, and the potential impact of the FINRA amendments approved by this SEC order.

This webinar has concluded. Please view the recording below. 

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Webinar Recording & Slidedeck

If you missed the webinar on May 11th at 11AM PT, please view the webinar recording below.

*The views and opinions expressed by the panelists in this webinar are their own, and do not necessarily reflect any policy or position of Agile Trading Technologies, Huntington Bank, JVB or StoneX. All content provided by the panelists during this webinar is of their opinion and is not intended to be construed in any way to be formally representative of their respective organizations.

“We’re democratizing the TBA Market for lenders and dealers both big and small. We created Agile because we believe that a transparent market is a better market and because every counterparty deserves access to a fair, efficient and transparent marketplace.” - Curtis Richins, President & CEO of Agile.​

Webinar Discussion Topics Include:

  • FINRA Rule 4210 amendments and implementation schedule.
  • An overview of amendments imposing margin requirements on “Covered Agency Transactions.”
  • Potential implications for mortgage lenders.
  • Making the series of changes intended to “streamline, consolidate and clarify” the “Covered Agency Transactions” rule provisions.

About the Webinar Presenters:


Chris Anderson, Chief Administrative Officer at Agile

Mr. Anderson is an experienced public and private sector manager with expertise in regulatory compliance, organizational development, project management, data systems management, professional development, and public policy analysis.

In late 2015, his increasing contributions to MCT were recognized when he was promoted to his current role as Chief Administrative Officer. Mr. Anderson oversees MCT’s Business Operations Division, Data Integration Services Division, Information Technology Division, Lock Desk Division and Product & Pricing Division.

Tom Mchugh, Managing Director Head of Mortgage & Rates Group at JVB Financial Group LLC

Mr. McHugh manages JVP Financial Group’s Agency MBS, TBA, and Gestation Repo trading desks. In addition, he heads the TBA & repo sales initiative for JVB. Responsibilities include trading and structuring all liabilities, oversight of the trade margining and exposure to counterparties, coordination of trade settlements, cash management, and maintaining the trading and credit relationships with the broker dealer and securities lending community. Mr. McHugh is also instrumental in the negotiations of the credit terms within all trading agreements.

Rob Branthover, Managing Director – MBS Sales at Huntington Securities, Inc.

Mr. Branthover has been a mainstay in the mortgage capital markets since the late 1980’s. He ran capital markets at JPMorgan Chase before conducting fixed income sales at Lehman Bros. He then spent almost 14 years as a managing director of MIAC and is currently the managing director of MBS sales at Huntington Securities, Inc. Mr. Branthover graduated from the University of Maryland with a BS in Finance.

Matt Johannes, StoneX Head of Fixed Income Trading 

Mr. Johannes is an industry veteran with ten years of experience trading mortgage-backed securities as an agency MBS trader at StoneX. StoneX has become a mortgage industry vanguard by leveraging a Request for Quote (RFQ) platform for the digital exchange of TBAs. Mr. Johannes now oversees access to a growing number of mortgage lenders and volume. Transactions are more efficient and reliable since moving away from the telephone. Additionally, insights from live data are helping StoneX provide sharper pricing and improved profitability for the firm.