A broker-dealer settled FINRA charges for failing to implement a supervisory system in connection with the sale to retail investors of leveraged and inverse-indexed exchange-traded products.
SEC Commissioner Elad L. Roisman urged financial regulators to consider the benefits of applying certain elements of current oversight of the equity markets to the market for U.S. government securities.
The North American Securities Administrators Association advised broker-dealers to review sales practices for non-traditional exchange-traded funds, warning that these products pose unique risks.
FINRA requested comment on a proposal to expand the alternative trading system volume data published on the FINRA website to include transactions in corporate bonds and agency debt securities.
FINRA increased margin requirements for exchange-traded notes and options in order to address the complexity of these products, as well as confirming that exchange-traded notes and options on them are not allowed for portfolio margining.
FINRA's proposal amending rules on Transaction Reporting of TRACE-Eligible Securities, to extend the reporting period and adopt a new modifier to identify certain transactions, was published in the Federal Register.
FINRA proposed to amend reporting rules to give members more time to report TRACE transactions that are "executed to hedge a primary market transaction" and to adopt identifiers for these transactions.
A broker-dealer agreed to settle FINRA charges for failing to establish, maintain and implement a sufficient supervisory system to monitor the sales of nontraditional exchange-traded funds.
FINRA proposed a rule change granting temporary relief to member alternative trading systems and ATS subscribers as they transition to disaggregated reporting for certain transactions in U.S. Treasury securities.
