The SEC Division of Trading and Markets staff reminded broker-dealers operating programs in which they borrow securities from their customers of their obligations under the customer protection rule.
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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."
The SEC Division of Trading and Markets issued a warning letter to broker-dealers operating programs in which they borrow fully paid margin securities from their customers.
The Federal Reserve Bank of New York on Thursday issued explanatory documents and described the workings of the Primary Dealer Credit Facility.
A broker-dealer agreed to settle SEC charges for failing to properly handle "pre-released" American Depositary Receipts and for related supervisory failures.