In a new report, the CFPB identified "Buy Now, Pay Later" credit program and product risks; CFPB Director Rohit Chopra directed staff to take additional action.
In a blog post, SIFMA asserted that the SEC did not anticipate the negative impact that applying the SEA rule on quotations without specific information to fixed income securities would have on the market for securities that are sold in reliance on certain exemptions.
The SEC approved rule changes to require members to report transactions in U.S. dollar-denominated foreign sovereign debt securities to TRACE.
FINRA proposed to shorten the permitted syndicate account settlement timeframe for corporate debt offerings.
FINRA proposed amendments that would require transactions in TRACE-eligible securities that currently are subject to a 15-minute reporting timeframe to be reported within one minute.