The SEC Division of Corporation Finance granted no-action relief to a peer-to-peer lending company from being considered an ineligible issuer under Securities Act Rule 405 , subject to certain conditions.
The SEC Division of Trading and Markets granted the Financial Information Forum and its registered broker-dealer members an exemption from the requirement to issue trade-by-trade confirmations for orphaned fractional share trades.
MSRB published investor education materials on mark-up and mark-down disclosures in municipal securities trade confirmations. The materials provide additional guidance for complying with new rules scheduled to take effect May 14, 2018.
The CFTC Divisions of Market Oversight and Clearing and Risk extended no-action relief allowing swap execution facilities and designated contract markets to continue correcting trades that were rejected for clearing due to operational and clerical errors.