Five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers settled charges with the SEC and CFTC for recordkeeping violations after failing to preserve electronic business-communications made using their personal devices.
A broker-dealer settled charges with FINRA and NYSE Arca for over-tendering shares into partial tender offers.
House Financial Services Subcommittee Chair Blaine Luetkemeyer (R-MO) requested information from the SEC and FINRA on their efforts to address "serious" national security issues raised by broker-dealers that have ownership connections to the Chinese Communist Party.
Commentary by Steven Lofchie
Sia Partners, a global management consultancy, identified additional market participants' concerns on an SEC proposal to require central clearing of Treasury security transactions and repurchase agreements.
FINRA proposed extending temporary relief to allow firms to satisfy their office and location inspection requirements remotely through the first half of calendar year 2024.