Options Trading Risk Alert Released by SEC to Avert Evasions of Short-Sale Rule
The Securities and Exchange Commission (SEC)‘s Office of Compliance Inspections and Examinations (OCIE) recently published a Risk Alert that aims to combat market abuses that elude an SEC short-sale rule for options trading. The Alert, issued in the first week … Read More
SEC Passes New Broker-Dealer Amendments for Financial Responsibility
In last week’s Compliance blog posting, we discussed a series of new rules announced by the Securities and Exchange Commission (SEC) on July 31, 2013, that brought changes to compliance reporting requirements for broker-dealers (BDs). For this week, we will … Read More
SEC Passes New Broker-Dealer Rules for Compliance Reporting Requirements
On July 31, 2013, the world of broker-dealers (BDs) was taken on by the Securities and Exchange Commission (SEC) with the passage of a new rule and a set of new amendments affecting this financial sphere. While each of these … Read More
New Anti-Money Laundering (AML) Rules Aim to Target Independent Advisers
Anti-money laundering (AML) regulation – currently applying only to broker-dealers – may soon affect independent advisers under a new proposal being currently drafted by the Financial Crimes Enforcement Network (FinCEN). First set forth as a proposed rule in 2003 and … Read More
SEC Recommends New Rules for Reforming Money Market Funds
In an open meeting held on June 5th by the Securities and Exchange Commission (SEC), the SEC’s Chair, Mary Jo White, proposed a series of rules aiming to provide meaningful reform to the functional operations of money market funds. In … Read More
Charles Schwab Backpedals and Retracts Client Class-Action Waiver
In a move that has rippled through the securities industry, Charles Schwab has retracted their waiver of rights by clients of class-action lawsuits stipulated in their account agreements. Schwab explained that it would be revising the agreements to reflect this … Read More
