The SEC adopted amendments to Regulation NMS Rule 605 to require "market centers," to make available standardized, monthly reports of statistical information concerning order executions in national market systems stocks.
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SEC Chair Gary Gensler touted the benefits of T+1 settlement, stating that the shorter settlement period will reduce market risk, protect the clearinghouses that stand between buyers and sellers, reduce the amount of margin that clearinghouses must collect, and improve market liquidity.
The SEC fined a broker-dealer and its former executive for disclosing confidential information in advance of block sales of securities.
The SEC approved the listing and trading of spot bitcoin exchange-traded product shares "on an accelerated basis."
In its 2023 Annual Report, the SEC Office of the Investor Advocate detailed its Fiscal Year 2023 efforts on investor outreach, responding to investor inquiries, and engaging in substantive research on (i) registered index-linked annuities and (ii) mandatory arbitration clauses in investment advisory agreements.