The SEC charged a California penny stock trader for engaging in a COVID-19 testing "pump and dump" scheme.
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The SEC charged individuals and companies in two fraudulent microcap schemes.
The SEC called on exchanges and market participants to submit "innovative" proposals intended to improve the secondary market structure for exchange-listed equity securities traded in low volumes.
SEC Office of Compliance Inspections and Examinations Director Peter Driscoll urged firms to establish and maintain strong compliance programs that address AML, microcap securities, paying agents and cybersecurity.
The SEC granted BATS BYX-Exchange, Inc. limited exemptive relief from the "Sub-Penny Rule" and approved the one-year adoption of the Exchange’s Retail Price Improvement Program.