The Securities and Exchange Commission (SEC) and the National Futures Association (NFA), a self-regulatory organization (SRO) for the U.S. derivatives industry, have signed a Memorandum of Understanding (MoU) designed to improve their “cooperation, coordination, and information sharing” for common regulatory interests, officials say. The MoU is intended to foster closer cooperation “on matters of mutual… Read More >>
SEC Faces Pushback on Public Company Reporting Proposal
The U.S. Securities and Exchange Commission (SEC) has put forth a proposal to give public companies the option of filing reports semiannually instead of quarterly, streamlining compliance with federal securities laws. However, key industry players are pushing back, arguing that investors could be hurt by information gaps and that market efficiency could take a hit…. Read More >>
SEC & CFTC Want to Ease PF Disclosure Obligations
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are proposing Form PF amendments that they say will ease the reporting burdens for private funds. Form PF is “the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a… Read More >>
SEC Implements Cost-Savings Plan for CAT System
The Securities and Exchange Commission (SEC) has finalized a set of cost-savings and related measures for the controversial Consolidated Audit Trail (CAT) through an amendment to the National Market System (NMS) Plan that governs the CAT system. The regulator is also implementing “exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act… Read More >>
Cboe Seeks Near 24×5 U.S. Equities Trading
Exchanges operator Cboe Global Markets has submitted a proposal to the Securities and Exchange Commission (SEC) to launch near 24×5 U.S. equities trading via its Cboe EDGX Equities Exchange (EDGX) and hopes the new time frame will be ready in December 2026, officials say. The launch is pending regulatory approval of its filing, and contingent… Read More >>
NYSE Settles SEC’s Operational Glitch Case for $9M
The New York Stock Exchange (NYSE) has paid a $9 million penalty to the Securities and Exchange Commission (SEC) to settle charges that NYSE officials allegedly failed to conduct opening auctions for more than 2,800 securities in January 2023, officials say. “The SEC’s settled order finds that on January 24, 2023, NYSE failed to run… Read More >>
What Did the SEC Halt During the Mini-Shutdown?
As the great songwriter Joni Mitchell once noted, “you don’t know what you’ve got til it’s gone.” Such was the case with the Securities and Exchange Commission (SEC) and many other federal agencies that experienced a halt in operations after a partial shutdown that began Jan. 31. The Trump administration and the U.S. Congress acted… Read More >>
DTCC Launches a Testing Phase for 24×5 Trading
Without any fanfare, global post-trade infrastructure provider the Depository Trust & Clearing Corp. (DTCC) has begun an industry-wide testing phase for 24×5 trading in U.S. equity markets. At the same time, a new DTCC and EY report diving into the operational impacts of 24×5 trading finds that this major industry move is likely to lead… Read More >>
Should the CFTC Regulate Digital Commodity Trading?
Should the Commodity Futures Trading Commission (CFTC) have the authority to regulate digital commodities? That has been a major question as cryptocurrencies, tokenization, and other digital assets have grown in popularity, and as the Trump team has appointed regulatory heads who are taking a pro-innovation stance on digital assets. Key members of the U.S. Senate… Read More >>
FINRA Reminds Firms of ACATS’s Improvements
Self-regulatory organization FINRA recently reminded securities firms that the National Securities Clearing Corp. (NSCC) has modified the transfer process for its Automated Customer Account Transfer Service (ACATS), established in 1985 to facilitate “the smooth and electronic transfer of assets, like stocks, bonds, and cash, from one brokerage firm or bank to another,” according to the… Read More >>
