The SEC found that the Division of Enforcement had not met its burden to show that an investor had violated anti-fraud provisions by allegedly failing to make delivery when call options he wrote were exercised. However, the SEC found that the broker dealer failed to close out certain "fail to deliver" positions.

The MSRB notified member firms that the SEC approved a mandate that inter-dealer failed transactions be closed-out within 10 calendar days, with an allowance for an additional 10-calendar day extension at the buyer’s discretion.

The Office of the Comptroller of the Currency requested comment on a proposal concerning the exercise of default rights of certain financial contracts that could interfere with the orderly resolution of certain systemically important financial firms.

The SEC solicited comment on a FINRA proposal to require members to disclose markups on retail customer confirmations for certain transactions in fixed income securities. The request for comment was published in the Federal Register.

The Committee on Payments and Markets Infrastructures and IOSCO requested comments on guidance published in two collaborative reports. The guidance is intended to (i) enhance the resilience of central counterparties, and (ii) outline implementation of the "Principles for Financial Market Infrastructure."