The Treasury Borrowing Advisory Committee reported that the industry was on track to meet the SEC's mandatory central clearing deadlines, but key regulatory questions remain open and operational builds incomplete.
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NYSE Arca proposed changing its rules to allow tokenized securities trading.
The SEC Division of Trading and Markets will not recommend enforcement against the designated sole broker dealer of "Trump Accounts" for failing to deliver Form CRS to parents, legal guardians or individuals who open such accounts on behalf of eligible individuals.
FINRA fined an alternative trading system $550,000 for failing to develop a reasonable AML program to detect and report suspicious trading activity and for failing to maintain a supervisory system adequate to detect potential market manipulation on its platform.
Jamie Selway, Director of the Division of Trading and Markets, outlined a series of recent regulatory changes in the U.S. options market and flagged priorities for further reform.