In a new report, the Congressional Research Service summarized two companion bills (one in the House and one in the Senate) that would prohibit financial intermediaries and issuers from mandating the use of arbitration to resolve disputes.
News & Insights
23 News Results
An SEC final rule rescinding a national market system plan exception that allows fee changes to go into effect upon filing with the SEC was published in the Federal Register.
The SEC rescinded a national market system plan rule exception that allowed fee changes to go into effect, upon filing with the SEC, without any public comment period or express SEC approval.
The U.S. Court of Appeals for the District of Columbia Circuit reversed an SEC determination that the agency had the authority to undo "unreasonable" Nasdaq exchange "depth-of-book" fee increases.
The SEC directed FINRA and the equity exchanges to submit a new consolidated National Market System plan.