FINRA increased margin requirements for exchange-traded notes and options in order to address the complexity of these products, as well as confirming that exchange-traded notes and options on them are not allowed for portfolio margining.
SIFMA advocated for "full disclosure and transparency by benchmark sponsors" in response to an MSRB request for feedback on the accessibility, methodology and utility of indices, yield curves and benchmarks in the municipal market.
A dual-registered broker-dealer and adviser, along with its employees, agreed to settle SEC charges for supervisory failures regarding recommendations to customers to purchase and hold "non-traditional ETFs."
Cadwalader attorneys reviewed new BCBS-IOSCO criteria for identifying "simple, transparent and comparable" short-term securitizations. The memorandum also covers a standard on the capital treatment of STC short-term securitizations issued by the BCBS.