The CFTC proposed amendments to allow foreign trade boards ("FBOTs") to offer direct trading access to U.S.-based introducing broker participants and to establish a process for FBOTs to request revocation of their registration.
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The CFTC approved the application of IMX Health as a designated contract market. In its application, IMX Health stated that it will be the first financial futures exchange for the health care industry.
A broker settled FINRA charges for distributing research notes to sales and trading personnel, and select customers, in advance of the publication of the official research report.
FINRA adopted a short-form application process for SEC-registered non-FINRA member firms that must become FINRA members under recently amended rules.
FINRA proposed rule amendments for broker-dealers to establish a short-form membership application process and partial fee waiver for certain firms applying for FINRA membership. The proposal follows recent SEC rule changes that require firms that trade only on exchanges to become members of FINRA.