FINRA reminded member firms that national options exchanges will close at 1:00 p.m., Eastern Time, on Friday, November 25, 2016. The early closing will shorten the cut-off time for expiring options.
News & Insights
In response to the latest designations of globally systemic important insurers by the Financial Stability Board, American Council of Life Insurers President and CEO Dirk Kempthorne asserted that the "core activities" of the life insurance industry do not pose a systemic risk.
SEC Director of the Division of Trading and Markets Stephen Luparello, SEC Enforcement Division Chief Litigation Counsel Matthew C. Solomon and SEC Chief Accountant James Schnurr will leave the Commission by the first of the year.
House Committee on Agriculture Chair Michael Conaway (R-TX) recommended that CFTC Chair Timothy Massad "refrain from pushing through controversial regulations" for the remainder of his tenure.
The Consumer Financial Protection Bureau filed a petition with the D.C. Circuit Court of Appeals to review an October ruling that held the single director structure of the CFPB to be unconstitutional.