FINRA requested comment on a proposal to require market participants to submit reports disclosing order executions in National Market System stocks to FINRA. Submitted reports would then be published in a centralized location on the FINRA website.
FINRA reported that it collected $48.1 million in fines, but had $111.4 million in fines-eligible expenditures. FINRA said that the balance between the monies collected and the expenditures was funded from reserves and excess operating results.
The new SEC rule on enhanced issuer repurchase disclosures was published in the Federal Register with an effective date set for July 31, 2023.
A former bank executive settled SEC charges for misleading investors about the financial success of one of the bank's core businesses.
An investment adviser settled SEC charges for failure to (i) disclose conflicts of interest related to its ownership of special purpose acquisition companies and (ii) file timely and accurate reports.