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.
An investment adviser settled SEC charges for conflicts of interest, material misstatements and omissions, supervision violations and reporting violations related to the adviser's activities with special purpose acquisition companies.
The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.
A broker-dealer settled SEC charges for violating Regulation SHO by executing short sale trades through its single-dealer platform without doing proper locates.
The SEC approved a proposed rule change allowing multiple CBOE exchanges - BYX, BZX, EDGA and EDGX - to offer their members "Hard to Borrow List" functionality, that users may elect to apply to their short sale orders in U.S. equity securities.