The Financial Industry Regulatory Authority has revised parts of its plan to extend certain Regulation NMS protections to the over-the-counter equities market.
Post-trade transparency for the over-the-counter derivatives market will reduce spreads and increase liquidity, according to Gary DeWaal, group general counsel for Newedge.
Execution and clearing firm MF Global has hired Margarida De Brito as its first head of fixed-income compliance for the U.S.
The Securities Industry and Financial Markets Association has called on the Financial Industry Regulatory Authority to adopt a standardized form for disclosing the risks that investors face when their securities are lent out.
The Financial Industry Regulatory Authority has warned broker/dealers sponsoring access to the markets that they ultimately are responsible for their participants' trading activities.
The Chicago Board Options Exchange plans to eliminate broker discretionary voting for uncontested elections of directors.
BATS Exchange has won certain members the right to keep the identities of counterparties to customer trades anonymous.
The Financial Industry Regulatory Authority wants more members of the public to serve on its arbitration and mediation board than industry figures.
BATS Exchange no longer will force specialist members to follow specific procedures on erecting Chinese walls to prevent the spread of material, non-public information.
Gary Gensler, chairman of the Commodity Futures Trading Commission, warned against allowing end-users of over-the-counter derivatives to be exempt from new regulations.
Salvatore Sodano, the former chairman and CEO of the American Stock Exchange, has settled a long-standing complaint lodged by the Securities and Exchange Commission over his alleged failure to supervise the exchange.
The Investment Industry Regulatory Organization of Canada has repealed guidance that allowed firms to lock and cross markets under certain circumstances.
First Midwest Securities has promoted two staffers to serve as chief compliance officers of the firm's brokerage business and affiliated investment adviser, respectively.
The Futures Industry Association has urged the U.S. Senate to bar the Financial Industry Regulatory Authority from getting involved in the futures industry.
U.S. corporate end-users should be exempt from over-the-counter derivatives regulations because they need customized maturities and collateral arrangements, according to Scott Morrison, president of the National Association of Corporate Treasurers.