Trading

RCW shares a new SEC exam sweep document request letter going to advisers

This is the sweep document request letter sent to advisers in the summer of 2024

FINRA determined that SpeedTrader's supervisory system for potential manipulative trading was not reasonable in four key respects

Given that the SEC ushered in a quicker trade settlement rule in May, you would expect the DOE to conduct a sweep exam to assess ...

SEC Division of Examinations sweep exam assessing how the T+1 settlement change is going

Broker-dealer failed to "reasonably respond" to trading in 100 customer accounts that appeared to be potentially excessive and unsuitable

Firm fined for failing to reasonably supervise the transmittal of customer funds through externally initiated ACH transfers by third parties

A FINRA review of a broker-dealer's advertised trading volume uncovered the overstating of volume on Bloomberg by 2.1 billion shares

"Shortening the cycle also means reducing the credit, market, and liquidity risks of the clearinghouse. Lowering risks for market participants and clearinghouses, alike, reduces the ...

Enforcement actions shine a spotlight on supervisory systems, including WSPs, and suitability requirements pertaining to excessive trading