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.
A broker-dealer settled charges for failure to establish reasonable risk management protocols and supervisory efforts regarding Exchange Traded Product order flow.
The SEC announced that Consolidated Audit Trail participants withdrew a proposed amendment to implement a revised funding model for the CAT and to impose a related fee schedule.
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.
The SEC denied a joint application by several exchanges to stay the effect of an SEC order authorizing the implementation of the National Market System plan on consolidated equity market data.
The Cboe BYX Exchange, Inc. proposed a rule change to provide discounted fees for small retail broker-dealers and their customers "to ensure cost effective access to its market data products."
A broker-dealer settled FINRA charges for failing to implement surveillance and supervisory procedures concerning certain trading activity by the firm's direct market access clients.
