The SEC extended no-action relief for FINRA members that do not comply with SEA Rules on the initiation or resumption of quotations without specific information on fixed income securities.
SEC Chair Gary Gensler called for greater transparency and resiliency in U.S. treasury markets to promote competition. He highlighted projects the SEC has undertaken with Treasury and the NY Fed to improve the market.
The SEC Division of Examinations found deficiencies in reports on how broker-dealers identified venues, classified orders and calculated aggregate net rebates, in violation of order routing information disclosure rules.
The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.
An investment adviser settled SEC charges for failing to fully disclose compensation paid to its affiliated broker-dealer for certain mutual fund transactions and related conflicts of interest.