Instinet fined for algo trading and market access breaches
Financial authorities in Asia and the US fined agency broker Instinet for several violations related to market access and trading systems.
Tag: FINRA
JP Morgan fined $1.25 million for failing to screen employees
Over 8,000 employees at JP Morgan were not screened or fingerprinted as required by federal securities law in the US.
JP Morgan, Citi and Deutsche fined $4.75m for access violations
FINRA, Nasdaq, Bats and NYSE pursued action against firms for violating market access rules in the US.
Ex-FINRA chief joins MarketAxess board
Richard Ketchum served as chief executive officer and chairman at FINRA from 2009 until last year.
Ineffective governance of blockchain could see increased vulnerability
FINRA has published report on the implications of blockchain and claims mismanagement could have severe consequences.
FINRA seeks further authority to stamp out spoofing and layering
FINRA looks to SEC for more authority to stop spoofing and layering quickly.
Bond liquidity in US has not deteriorated since financial crisis
Federal Reserve Bank of New York's report on market liquidity concludes bond liquidity in US is not in decline.
Federal Reserve Board looks to collect Treasury transaction data for FINRA
Federal Reserve Board announces plans to enter negotiations to collect treasury data for FINRA.
SEC approves FINRA’s reporting rules for US treasuries
FINRA members will be required to report on transactions in treasuries as of July 2017.
Merrill Lynch fined $2.8 million by FINRA for reporting tech errors
System errors saw Merrill Lynch report millions of inaccurate transactions to US regulator.