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21980 News Results

The Options Clearing Corporation settled parallel SEC and CFTC charges for failing to fully implement its own rule change relating to the calculation of costs in the event of a need to close out the positions of a defaulting clearing member.

The MSRB proposed to (i) amend its time of trade disclosure rule and related interpretive guidance and (ii) provide that SEC-registered investment advisers would no longer be required to make certain affirmations to qualify for Sophisticated Municipal Market Professional status.