The SEC approved the MSRB rule amendments to establish core standards of conduct and duties for "solicitor municipal advisors."
The SEC Division of Trading and Markets withdrew a no-action letter that provided relief from registration requirements for certain broker-dealers. The withdrawal follows an exemption adopted by Congress that permits conduct "largely similar" to what was provided by the no-action relief.
FINRA filed a proposed rule change to "treat a private residence at which an associated person engages in specified supervisory activities as a non-branch location," which would make the location subject to inspections on a regular periodic schedule.
The CFTC Division of Market Oversight granted no-action relief as to swap trade execution requirements related to ICE Clear Europe Ltd. discontinuing CDS clearing services in October 2023.
A broker-dealer settled FINRA charges for permitting "material changes to the terms of two related private placement offerings without terminating the offerings and returning funds to investors."