SEC

Another Shot Across the Bow for Proprietary Trading Groups, and By Association, HFTs and Algorithmic Trading Strategies

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Since the financial crisis of 2007-2010, proprietary trading has been in the cross hairs of regulators seeking to address excess risks in the financial system.  Perhaps the best known example of this can be seen in the implementation of the Volcker Rule, 12 USC 1851, designed and enacted to address certain speculative trading by US banks for their own accounts and not for the benefit of their customers.  Prohibiting such activity was intended to underpin the stability of our modern financial system by reducing the number of Bank failures in times of financial stress due
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Another Shot Across the Bow for Proprietary Trading Groups, and By Association, HFTs and Algorithmic Trading Strategies

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Since the financial crisis of 2007-2010, proprietary trading has been in the cross hairs of regulators seeking to address excess risks in the financial system.  Perhaps the best known example of this can be seen in the implementation of the Volcker Rule, 12 USC 1851, designed and enacted to address certain speculative trading by US banks for their own accounts and not for the benefit of their customers.  Prohibiting such activity was intended to underpin the stability of our modern financial system by reducing the number of Bank failures in times of financial stress due
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FINRA 2015 Priorities Focus on Recurring Challenges

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This is the second of a series on financial regulators’ 2015 examination priorities

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FINRA 2015 Priorities Focus on Recurring Challenges

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This is the second of a series on financial regulators’ 2015 examination priorities

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Cybersecurity in the C-Suite: A Matter of “Need to Know”

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Cybersecurity has been described as everything from a top-down corporate mission to a shopping list for software packages that monitor networks and systems for suspicious activity. Given the breadth and complexity of even identifying the risks, it’s no wonder that all sorts of management are discovering they’re now riding the cybersecurity bus. Nowhere is this accumulation of corporate […]

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Forbes: New SEC Swaps Rules Could Impact Dealers

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The SEC has reopened its possessed rule governing the use of collateral held by security-based swap dealers (SBSDs) — a proposal which would effectively ban rehypothecation — the use of the collateral by dealers as a source of funding.

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Liquid Alt Funds: Five Tips to Survive New SEC Scrutiny

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A regulatory fine of US$50,000 might seem like a slap on the wrist for a large fund manager, but when an enforcement action from the US Securities and Exchange Commission makes its way into the agency’s press release and headlines from multiple media outlets it becomes a big concern for compliance and operations managers. In a new […]

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Broker Dealers Beware: States Get Creative in Unclaimed Account Search

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Knock, knock. Who’s there? If a potential censure or fine from the Financial Industry Regulatory Authority or the Securities and Exchange Commission isn’t enough to motivate broker-dealers to ensure their middle and back-office operations are well oiled, perhaps an intensive audit by an unfamiliar third-party firm will be. The states’ objective: taking over trillions of dollars worth of unclaimed securities accounts […]

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SEC Shifts Focus in 2015 OCIE Priorities

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This is the first of a series on financial regulators’ 2015 examination priorities.

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