The FDIC and the SEC proposed a rule to govern the orderly liquidation of "covered brokers-dealers," or large broker-dealers that are subject to liquidation under the Dodd-Frank Act and not dissolution under the Securities Investor Protection Act.
News & Insights
The CFTC issued no-action time-limited relief to certain end users from a "trade option" filing requirement.
The CFTC Division of Market Oversight and the Office of Data and Technology extended the comment period on the Draft Technical Specifications for Certain Swap Data Elements. The extension will enable the CFTC Technology Advisory Committee to address additional comments at a meeting scheduled for February 23, 2016.
The SEC approved amendments to the MSRB Rules that will apply the same requirements for municipal dealers and their associated persons to municipal advisors and their associated persons. The amendments will become effective on August 17, 2016.
FINRA provided five tips to investors on how to avoid becoming the victims of "Pump-and-Dump" scams.