Market Structure

The TRACE data is a key tool in facilitating assessments of market dynamics, effective market oversight, and improved market transparency

The Commissioner urges better protections for retail investors and encourages investing in public companies given the risk of these investors pursuing private investments

Private funds raised more than $11 trillion of the $15.5 trillion sold in Regulation D markets during 2009 through 2019

After considering the comments received on the Proposal to rescind the Fee Exception,6 the Commission has determined that the Fee Exception is no longer appropriate ...

"What adds to my concern is that securities that trade in the OTC market are primarily owned by and marketed to retail investors"

"I am pleased that the infrastructure proposal would introduce, for the first time, competitive forces into the model for processing and distributing NMS market data"

"I hope you will consider the effects of new drivers of price formation such as, exchange-traded funds (“ETFs”) and portfolio trading"

The proposed amendments also will help to ensure that the Participants fulfill their obligations to deliver a functional CAT on a reasonably achievable timeframe

This relief will provide Introducing Industry Members with additional time to prepare effectively for certain CAT reporting phases

Order Granting Conditional Exemptive Relief Governing the Consolidated Audit Trail