The SEC initiated a pilot program to study the effects that transaction-based fees and rebates in certain National Market System stocks may have on order-routing behavior, execution quality and market quality.
A former broker-dealer agreed to settle FINRA charges for failing to "establish, maintain, and enforce procedures reasonably designed to achieve compliance . . . with rules relating to options origin codes."
The CFTC proposals requiring swap execution facility registration by certain brokerage entities, including interdealer brokers and the aggregators of single-dealer platforms was published in the Federal Register.