The Managed Funds Association argued that the SEC's proposed regulatory framework to require disclosure of short position information is "duplicative" and "unnecessarily complex and costly."
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In a position paper, SIFMA and the accounting firm Ernst and Young assessed the current state of corporate action announcement and dissemination policies in the United States and called for more industry standardization.
A broker-dealer settled FINRA charges for failing to comply with short sale regulations related to close-outs of "fail-to-deliver" positions.
A federal jury convicted two former precious metal traders on charges of (i) fraud, (ii) attempted price manipulation and (iii) spoofing for their involvement in a multi-year market manipulation scheme.
SIFMA and the Investment Company Institute, in consultation with DTCC, outlined a plan of action that helps market participants prepare for the transition to a T+1 settlement cycle.