The Congressional Research Service reviewed the SEC's recent proposal that would impact payment for order flow ("PFOF") by wholesalers with the aim of "bring[ing] greater competition in the marketplace for retail market orders."
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In a new report, the Congressional Research Service provided an in-depth analysis of the SEC's approach towards climate-related financial risk disclosures.
GAO identified deficiencies in the SEC's oversight of FINRA and offered recommendations for enhancing SEC oversight.
The Congressional Research Service summarized current legal standards for insider trading, and described legislative reform efforts to "codify the elements of the offense and fill perceived gaps in existing doctrine."
U.S. Treasury Department ("Treasury") final rules on reporting certain information in the U.S. repurchase agreement market to the Office of Financial Research ("OFR") were published in the Federal Register. The final rules are effective on April 22, 2019. As previously covered , the final rules will obligate certain U.S. central counterparties ("CCPs") to report daily on repo transactions. The primary purposes of the final rule are to (i) enable the Financial Stability Oversight Council and the OFR to identify and monitor risks to financial stability, and (ii) improve the calculations of