The DOJ and U.S. Attorney's Office for the Eastern District of New York closed an investigation of a Barbados insurance company after the company agreed to disgorge profits obtained in connection with alleged violations of the Foreign Corrupt Practices Act.
The SEC solicited comment on a FINRA proposed rule on "NextShares," relating to the reporting of over-the-counter transactions in exchange-traded managed fund shares that are listed on the Nasdaq exchange. The request for comment was published in the Federal Register.
FINRA proposed rule amendments to provide market participants with a daily final trade price for each over-the-counter transaction in exchange-traded managed fund shares as reported to the FINRA/Nasdaq Trade Reporting Facility.
FINRA issued guidance on liquidity risk management practices for senior management and risk managers at firms that either hold inventory positions or clear and carry customer transactions. The guidance was based on FINRA's review of forty-three firms' practices concerning managing liquidity needs...