In a white paper prepared for the SEC Division of Economic and Risk Analysis, economist Joshua White analyzed investment outcomes in connection with over-the-counter stocks.

The CEO of a Utah-based broker-dealer and two associated registered persons settled charges with the SEC for violating market structure rules.

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 CFTC proposed rules establishing minimum capital, liquidity, financial reporting and other related requirements applicable to CFTC-registered swap dealers and major swap participants. Comments on the proposed rules must be submitted by March 16, 2017.

The CFTC approved final aggregation rules. The effective date for this final rule is February 14, 2017.