The U.S. House Financial Services Committee considered proposed legislation in response to the GameStop and Archegos trading events.
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The SEC and the New York Attorney General’s office penalized a broker-dealer for a combined amount of $37 million for misleading clients about the performance of an order router that primarily routes equity orders to dark pools. The firm paid an additional $3.5 million to FINRA in a related settlement.
The SEC set a new comment deadline of June 13, 2023 for a proposal that would amend the statutory definition of "exchange" to include trading systems that facilitate the trading of crypto asset securities.
The SEC reopened the comment period for a proposal that would amend the statutory definition of "exchange" to include trading systems that facilitate the trading of crypto asset securities.
SEC Chair Gary Gensler highlighted proposed policies across various markets that are designed to promote competition, a statutorily mandated task of the SEC.