The SEC approved a FINRA proposal to establish new order routing disclosure report publication requirements for OTC and National Market System equity securities orders.
News & Insights
The SEC extended a deadline to consider whether to approve or disapprove a FINRA proposal to establish new order routing disclosure report publication requirements for over-the-counter and National Market System equity securities orders. The SEC extended the deadline from June 4, 2023 to August 3, 2023.
The U.S. House Financial Services Committee considered proposed legislation in response to the GameStop and Archegos trading events.
The SEC and the New York Attorney General’s office penalized a broker-dealer for a combined amount of $37 million for misleading clients about the performance of an order router that primarily routes equity orders to dark pools. The firm paid an additional $3.5 million to FINRA in a related settlement.
The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.