FINRA proposed amendments to the Security Futures Risk Disclosure Statement to reflect recent changes on position limits for security futures contracts, market-wide circuit breaker benchmarks and thresholds, and that exchanges may now list security futures on certain debt instruments.
In a joint statement, the CFTC, FinCEN and the SEC reminded those engaged in digital asset transactions to comply with anti-money laundering and countering the financing of terrorism obligations under the Bank Secrecy Act.
A former Chief Compliance Officer/General Securities Principal settled FINRA charges for failing to (i) update employee forms concerning reportable events in a timely manner and (ii) provide required annual FINRA reports.
An SEC and CFTC joint proposal to (i) lower the minimum customer margin requirement for security futures and (ii) revise the margin offset table consistent with the proposed reduction was published in the federal register.
The SEC and CFTC requested comment on a proposal to reduce the margin requirement for an unhedged security futures position and to align the margin offset table for security futures with the reduced margin requirements.