The SEC extended the comment period on the disclosures required by Industry Guide 3 ("Statistical Disclosure by Bank Holding Companies") from May 8, 2017 until July 7, 2017.
News & Insights
University of Houston Finance Professor Craig Pirrong applauded the SEC's new Special Study of the Securities Market and questioned whether the SEC Order Protection Rule is necessary to sustain a competitive equity trading marketplace.
The U.S. Treasury Department issued a Report to Congress on recent developments in international economic and exchange rate policies. The Report contains a "Monitoring List" identifying major trading partners whose currency practices "merit close attention."
The SEC approved a minor rule violation plan for securities exchange ISE Mercury, LLC. The new plan limits sanctions to a maximum of $2,500 for certain rule violations.
The Municipal Securities Rulemaking Board promoted Nanette Lawson to Chief Financial Officer and Treasurer.