Tag: SEC

SIFMA Annual Meeting Takeaways

According to comments made by US Securities and Exchange Commission (SEC) Chair Mary Jo White during today’s annual SIFMA meeting, the industry should not expect regulatory oversight easing any time soon. White expects the regulator to continue its use of “aggressive tools” like wire taps and stings to discover evidence of fraud. However, budget restraints…

Knight Capital Pays $12 million for 15c3-5 Violation

The US Securities and Exchange Commission (SEC) announced today that Knight Capital Americas is the first broker-dealer it has fined for breaking market-access Rule 15c3-5 during its infamous rouge algo incident, which happened on August 1, 2012. The singular honor will cost the firm $12 million on top of the $460 million that it lost…

We Get It: The Markets are Fine

Since today is the US quasi-holiday Columbus Day and Thanksgiving Day for our northern neighbor, I do not feel really bad about sharing my thoughts about the Investment Company Institute‘s Capital Markets Conference held on October 10. I have to admit that the conference had a pretty impressive line up. Commodity Futures Trading Commissioner Scott O’Malia started the…

BATS New Data Fees Published in Federal Register

In filings dated July 3, but posted in today’s Federal Register, the US Securities and Exchange Commission (SEC) published the new fees that the BATS Exchange charges for its major market data feeds and logical port connections, which went into effect on July 1. Officials from exchange operator announced in April that it would begin charging…

SEC Grants Consolidate Audit Trail Extension

It’s an unwritten rules of journalism: File a story saying that an event has not happened and between its filing and going live it will happen. Earlier today, the U.S. Securities and Exchange Commission (SEC) issued its extension approval in the Federal Register that pushes the deadline for the National Market System (NMS) deadline back…