SEC Chair Gary Gensler directed staff to study the risks of complex exchange-traded products and recommend potential rulemakings to address such risks.
News & Insights
A broker-dealer settled FINRA charges for systemic failures, including failing to establish (i) a reasonable supervisory system for the firm's mutual fund and municipal bond businesses, and (ii) a reasonable system of supervisory controls to verify surveillance systems.
A broker-dealer settled FINRA charges for failing to maintain a supervisory system reasonably designed to ensure that its representatives were not recommending unsuitable short-term transactions in Unit Investment Trusts.
A broker dealer settled FINRA charges for supervisory violations over the firm's variable universal life insurance contracts and mutual fund business.
An OCC final rule that codifies an exception to the withdrawal period for banks that administer a collective investment fund primarily invested in real estate or other non-readily marketable assets was published in the Federal Register.