FINRA proposed to delay, from March 25, 2021 to October 26, 2021, the implementation date of amendments to FINRA margin requirements on "To Be Announced" and other "Covered Agency Transactions."
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The Structured Finance Association urged the Treasury Department "to avoid the potentially destructive effects" of pushing Fannie Mae and Freddie Mac out from under conservatorship prematurely.
A broker-dealer settled FINRA charges for failing to use approved methods when estimating per-share Direct Participation Program and Real Estate Investment Trust valuation information distributed to customers.
FINRA stated that marketing materials should reflect the fact that many private placements are either illiquid or speculative in nature, and should "balance claims of these investments' benefits by disclosing these risks."
The Federal Reserve Bank of New York updated its FAQ on borrower and collateral eligibility for the Term Asset-Backed Securities Loan Facility.