The latest complication is in the multi-trillion-dollar futures and derivatives markets; may force brokers who facilitate futures transactions to register as commodity trading advisers - a label that brings unwanted regulatory burdens (Nov 17)
Jay Clayton, Securities and Exchange Commission chair, is working to streamline the agency's ad hoc approach to approving new exchange-traded funds, putting a spotlight on an issue that has vexed the regulator for a decade (Nov 10)
The Cyber Cafe
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SEC says companies can expect new guidelines on reporting cybersecurity breaches
Agency will probably update directions that it gave to companies more than six years ago.
(Nov 13) -- The Commodity Futures Trading Commission is considering revising the rules that govern swap trading platforms in order to make them more principles-based and less "prescriptive and inflexible," CFTC chair J. Christopher Giancarlo said at an industry gathering in Singapore. The CFTC should have followed the clear intent of the Dodd-Frank Act, allowing so-called swap execution facilities to decide their own business models, and enhancing professionalism through licensing, testing, and industry codes of conduct, Giancarlo said.
(Nov 13) -- Financial Industry Regulatory Authority , the brokerage industry's self-regulatory organization, will review order-routing inducements to see how they might affect how and where a broker-dealer firm transmits securities orders for execution. In a Targeted Examination Letter, FINRA asked member firms a number of questions, including how they "quantify the benefits, if any" from the receipt of payments for order flow, maker-taker rebates, and other inducements. Results of the inquiry will help FINRA decide whether additional steps are required.