Trading

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

This is the SEC's rule shortening the trading cycle to T+1

This is another rule related to the SEC's move to T+1 settlement dates

"As the compliance date of May 28, 2024, approaches, the Commission will continue its efforts to help facilitate a successful transition"

'Major event' officially becomes operative on Tuesday, May 28, the day after Memorial Day