Trading

The long-awaited National Market System plan to create a Consolidated Audit Trail was approved Nov. 15 by a unanimous vote of the SEC’s commissioners. The ...

I also want to underscore that the Commission is also very closely focused on information security with respect to its own interaction with CAT. ...

As we just heard, the CAT raises significant data security concerns, both with respect to trading information and personally identifiable information (“PII”). I have ...

Under the amended CAT Plan, LEIs for industry members and customers are not required. This will leave regulators and industry participants near-sighted and unable ...

The SEC approved Oct. 19 a FINRA rule proposal that will require broker-dealers to report transactions in U.S. Treasury securities through the TRACE system. A ...

The inaccurate reporting of millions of trades over the course of almost five years has now cost Merrill Lynch $2.8 million. FINRA fined the firm ...

Lebel defrauded four customers by churning several of their accounts. In particular, Lebel exercised de facto control over these customers’ accounts and excessively traded mutual ...

A dramatic increase in the fines reported by FINRA during the first-half of 2016 has the SRO poised to shatter its record-setting year of 2014 ...

Allegedly reaping over a half-million dollars in ill-gotten gains by “cherry-picking” profitable trades and “double-dipping” on fees has resulted in SEC fraud charges against an ...

The transition to a T+2 settlement cycle has moved ever closer after the SEC unanimously approved Sept. 28 a proposed amendment to shorten the standard ...