SEC gives green light to T+1 implementation in May 2024
Commissioners disagreed on the proposed implementation date, with amendments narrowly passing by three votes to two.
Tag: SEC
Bloomberg settles $5 million SEC penalty for ‘misleading’ fixed income disclosures
SEC’s order finds that from at least 2016 to October 2022, Bloomberg’s paid subscription BVAL service failed to disclose that the valuations for specific fixed-income securities could be based on a single data input.
Illegal wash trading accounts for up to 70% of crypto volumes, finds study
A report from the US’ National Bureau of Economic Research finds that fabricated wash trading on unregulated crypto exchanges accounts for the lion’s share of reported volumes.
More executives charged in FTX collapse as SBF faces court
The former CEO of Alameda Research and the former chief technology officer of FTX Trading have been charged by the SEC and CFTC for their roles in a “multi-year scheme to defraud investors” and have also pleaded guilty to criminal charges; while SBF has been extradited to the US from the Bahamas.
SEC reforms: An exchange perspective
In the wake of the SEC’s landmark market structure proposals this week, The TRADE sat down with John Ramsay, chief market policy officer at IEX Exchange, to discuss the latest changes.
Regulation
SEC proposes series of seismic new trading reforms
The US regulator has shaken things up for the holiday season with a set of sweeping reforms designed to revamp and reinvigorate the US stock market. The TRADE brings you the latest, along with a detailed breakdown of the new proposals.
Goldman Sachs Asset Management hit with $4m SEC penalty over ESG violations
The bank has been accused of “policies and procedures failures” involved with multiple funds marketed as ESG investments, as the industry struggles to manage rising ESG research and compliance costs.
To PFOF or not to PFOF? Europe vs the US
US and European regulators look set to be taking starkly different stances on the contentious practice of paying for order flow.
SEC proposes enhancements in risk management for US Treasury market
The regulator’s proposed rule changes look to lower risk through improved central clearing within the US Treasury market.
‘No evidence that PFOF harms price execution,’ finds new research
Professors from the University of California conducted a detailed academic study of brokerage accounts, concluding that payment for order flow does not appear to impact price.