Broker-Dealers

'Highly disturbing' report that SRO and Wells Fargo manipulated the arbitration process in case

Determination to be made as to whether rules and P&Ps for arbitrator selection were complied with in Wells Fargo case

FINRA executed "a more comprehensive review of firms' processes, practices and conduct" in several areas

The number of such Commission enforcement actions has now been pushed to 42, self-reporting suggested

The proposed modernization of the clearance and settlement process comes with a March 31, 2024 compliance date should final rules be adopted

The SRO flags over 20 different focus areas, including nearly a half dozen issues it will be eyeballing this year

Industry group concludes that the benefits of moving to T+0 wouldn't outweigh the risks

SRO reminds that firms need to be dialed in to what is considered 'prompt' execution in light of developing technology

New topics include the handling of trusted contact persons, the disclosure of order routing, and portfolio margining

Given the changing conditions among markets to bring together buyers and sellers of securities, the Commission is proposing to amend Exchange Act Rule 3b-16