A broker-dealer settled parallel charges brought by NYSE LLC, NYSC Arca Inc., NYSE American LLC, and NYSE Chicago, Inc., for failing to recognize technical errors with a vendor’s smart order router which resulted in the broker-dealer failing to route intermarket sweep orders as necessary to execute against protected quotes.
Comments are due by June 22, 2022 for a proposal from multiple SROs to amend the CAT NMS Plan. The proposal would implement a revised funding model for the consolidated audit trail and establish a fee schedule for Participant CAT fees.
The SEC extended the time to consider a proposed amendment to the Consolidated Audit Trail National Market System Plan. The amendment would implement a revised funding model for the Consolidated Audit Trail and impose a related fee schedule.