SEC staff urged broker-dealers and advisers to be ready for the shortening of the securities transaction settlement cycle.
News & Insights
The FTC and CFPB released agency-specific action statements on increasing tech capacity, including actively hiring technologists, to "help enforce the laws on the book and design remedies that work for consumers, workers, small businesses, and others in the digital era."
The Federal Reserve Bank and the Office of the Comptroller of the Currency fined a bank for failing to monitor firm and client trading activities.
A firm settled FINRA charges for improperly programming trading algorithms, which resulted in orders being improperly sent to the market.
A firm settled with FINRA for charging unfair prices in corporate and municipal bond transactions and for failing to establish and maintain a supervisory system reasonably designed to achieve compliance with its fair pricing obligations.