A proposal from the Financial Industry Regulatory Authority to give the organization broader controls over approvals of new or continuing memberships is flawed and should be revamped, according to the Securities Industry and Financial Markets Association.
The Financial Industry Regulatory Authority has warned broker-dealers sponsoring access to the markets that they ultimately are responsible for their participants' trading activities.
Firms and industry groups have urged the Financial Industry Regulatory Authority to abandon a complicated set of planned provisions related to the way retained associates' status is classified.
Bulge bracket investment banks should outline how they can control risk within their current corporate structure as a way to combat the bank restrictions President Barack Obama proposed Thursday, according to Doug Landy, head of U.S. bank regulatory practice at Allen & Overy.
Responses to a call from Canadian regulators for comment on the impact dark pool, indications of interest and smart order routers on the market have given regulators an idea on how they might reconfigure market structure in the country.
The Financial Industry Regulatory Authority should take a step back before asking firms to adhere to a strict 30-second time limit for some transaction reports, according to James Downing, chief compliance officer at Cheevers and Co.
The Financial Industry Regulatory Authority has asked for comments on how to consolidate NASD and New York Stock Exchange rules on discretionary trading for clients.
The Securities and Exchange Commission and the Commodity Futures Trading Commission may have difficulty filling the hundreds of new positions that will be created if over-the-counter derivatives regulation passes, according to James Overdahl, chief economist of the SEC.
Mary Schapiro, head of the Securities and Exchange Commission, emphasized that a regulatory review of alternative trading systems and a fiduciary standard for investment regulation will take some time.
Congress is micromanaging issues that should be left to the Securities and Exchange Commission, market leaders said in a panel on market structure at the Securities Industry and Financial Markets Association’s annual meeting today.
Financial firms are divided over the areas regulators need to focus on, according to executives speaking at the Securities Industries and Financial Markets Association annual meeting on Tuesday.
Mary Schapiro, chairman of the Securities and Exchange Commission, told WSL sister publication Derivatives Week this morning she believes a derivatives reform bill could be on President Barack Obama's desk before year-end.
The report on harmonization released last week by the Securities and Exchange Commission and the Commodity Futures Trading Commission was a bit disappointing, according to Gary Katz, ceo of International Securities Exchange.
Proposals to adopt different versions of a transaction tax globally are the most concerning of all regulatory proposals for global exchanges, according to Gary Katz, president and ceo of the International Securities Exchange.
The Securities and Exchange Commission has unanimously approved proposing rules to make the dark pool market more transparent.
The U.S. House Financial Services Committee passed a revised bill today that would mandate both clearing for a significant chunk of over-the-counter derivatives and trading on exchange or electronic platforms—an about-face from the previous discussion draft, according to WSL sister publication Derivatives Week.
The Securities and Exchange Committee is in the process of drafting a concept release focused on transparency in the equities market, including dark pools and high frequency trading.
The U.S. Department of Justice investigation into potentially anticompetitive behavior among generators of credit derivatives pricing and clearing companies is widely viewed by market participants as likely to fizzle out.
The Commodity Futures Trading Commission has fined Interbank FX, a registered futures commission merchant, $200,000 over an alleged data breach.
The Financial Industry Regulatory Authority wants to clarify the application of transaction-related charges for trade reporting to its over-the-counter reporting facility, or ORF.
In spite of the downturn, financial services firms do have job openings in compliance, risk management, and infrastructure that they are attempting to filling, according to OneWire.
The Federal Reserve will likely be the chosen regulator if U.S. financial regulation is consolidated, according to former regulators.
The British Bankers' Association is asking for consistency across Europe as it relates to any upcoming short selling regulation.
The Commodity Futures Trading Commission is asking futures commission merchants and some introducing brokers for additional adjusted net capital.
The National Association of Independent Broker/Dealers, an advocate for small and independent broker dealers, is stepping up its member education and presence with policy makers in light of recent market trends.
The Financial Services Institute and the National Association of Insurance and Financial Advisors have launched separate grassroots campaigns against a Financial Industry Regulatory Authority plan for U4 and U5 forms.
The Securities Industry and Financial Markets Association has criticized the Financial Industry Regulatory Authority's stance on how members should report regulatory settlements related to the sale of auction-rate securities.
NYSE Arca is seeking permission to review trade reports dating back to Jan. 1, 2008, and to flag as aberrant those that it deems inconsistent with the prevailing market.
An unusual coalition of industry, consumer and regulatory groups has banded together to protest a call by the Securities Industry and Financial Markets Association for the introduction of a "universal standard of care" for all financial professionals.