Professor of finance at MIT has been appointed director, while the SEC’s acting director has been promoted to deputy director.
According to the members exchange, the proposed changes to fees are subject to a conflict of interest and would further cement incumbent venues monopoly over market data.
The SEC's investigation into the market volatility caused by trading in GameStop stock back in January, raises questions about the market efficiency of short selling and the possible effects of acute margin calls on thinly-capitalized broker-dealers.
Securities and Exchange Commission found that FICC’s risk failings could’ve resulted in significant costs for participants and the wider US financial system.
The Securities and Exchanges Commission (SEC) found that RBC allocated bonds intended for institutional investors to parties who then resold them to broker-dealers at a profit.
Jay Clayton joins Fireblocks, which allows institutional investors to transfer and issue digital assets across jurisdictions, an advisory board member.
The agreement will allow the two regulators to exchange information relating to major security-based swap participants.
New chief legal officer at Broadridge will replace Adam Amsterdam who is retiring after serving in the role for almost 30 years.
New regulatory appointment will replace Christian Sabella, who served at the agency for the past 10 years.
The DTCC has become the first security-based swap data repository in the US following the regulator’s approval for the new swaps reporting regime.