The SEC penalized 13 advisory firms for repeating and advertising false claims made by an investment management firm about its flagship product.

New SRO rules, rule proposals and NMS plans were announced by the SEC. Click on the links below to view the SEC notices of exchange rule changes and proposals for the week of August 22 - August 26.

FINRA proposed modifying certain data collection requirements of the Regulation National Market System Plan to Implement a Tick Size Pilot Program.

FINRA notified member firms that, effective October 3, 2017, they are required to use the existing Intermarket Sweep Order trade reporting modifier when reporting trades to a FINRA facility that qualifies for the ISO exception to the Trade-at prohibition, under the plan to implement the tick size pilot program.

An IOSCO report identified common international examples of good practice applicable to Collective Investment Scheme fees and expenses.