Trading

The highest-ever SEC penalty for violations of the Market Access Rule was announced by the Commission Sept. 26. Under a settlement, Merrill Lynch agreed to ...

While the proposal would shorten the current three-day (T+3) trade settlement cycle to two days (T+2), the release also asks questions about moving to a ...

The Securities and Exchange Commission (“Commission”) proposes to amend Rule 15c6-1(a) under the Securities Exchange Act of 1934 (“Exchange Act”) to shorten the standard settlement ...

The Order further finds that the trades were executed under circumstances where certain Newedge account representatives either knew that clients desired to net out futures ...

Just a one day change will help mitigate the risks of an unnecessarily long settlement cycle that have persisted despite rapid improvements in technology.[4] ...

The Order finds that from at least March 1, 2013 through November 13, 2015, every LTR submitted by Wells Fargo failed to meet Part 20 ...

There is no higher market structure priority for SEC Chair Mary Jo White than to ensure Commission consideration of a final CAT plan before year-end, ...

FINRA has fined Barclays Capital $1.3 million for “systemic” Order Audit Trail System reporting violations. The SRO discovered 15 system issues at the firm that ...

The SEC has long trained its sights on wrap fee programs (IA Watch, Aug. 4, 2014). The latest example of this interest can be seen ...

An SEC Commissioner has charged that the agency’s delay in issuing a proposal to shorten the trade settlement cycle from three business days after a ...