In a no-action letter, the CFTC’s Market Participants Division said it will not recommend an enforcement action against a swap entity for its failure to disclose to certain counterparties the Pre-Trade Mid-Market Mark of certain swaps on the Secured Overnight Financing Rate under certain conditions.
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The NFA issued three notices covering regulatory obligations, recent amendments and rule interpretations for (i) FCM, FDM and IB Members, (ii) CPO and CTA Members and (iii) Swap Dealer Members.
A broker-dealer settled charges with FINRA for causing customers to overpay in excess sales charges and fees on their accounts.
The SEC set a comment deadline of January 5, 2024 for a proposed rule that would prohibit national securities exchanges from offering volume-based transaction pricing. The comment deadline was published in the Federal Register.
FINRA amended its By-Laws to exempt certain transactions from the Trading Activity Fee. The exemptions apply to transactions conducted by a proprietary trading firm and that are effected on an exchange of which the firm is a member.