- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-03-07T20:25:00
Lost in the shuffle of the approval of its controversial climate-related disclosure rule, the Securities and Exchange Commission (SEC) on Wednesday also adopted amendments to its rule for order executions in national market system (NMS) stocks.
The changes will expand the disclosure requirements under Rule 605 of Regulation NMS to include broker-dealers who carry 100,000 or more customer accounts, the SEC said in a fact sheet. Also amended was the definition of “covered order” to include certain orders submitted outside of regular trading hours, certain orders submitted with stop prices, and nonexempt short sale orders and new requirements for standardized monthly reports mandated by Rule 605.
The agency noted the fact the rule was adopted in 2000 and hadn’t been substantively updated since then as a driver behind the changes.
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2024-03-07T00:02:00Z By Aaron Nicodemus
The Securities and Exchange Commission finally approved its ground-breaking climate-related disclosure rule, nearly two years since it was originally proposed. Though the agency significantly watered down aspects of its proposal, the rule is already facing the prospect of legal challenge.
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Ameriprise Financial disclosed it recorded a $50 million accrual related to the resolution of a Securities and Exchange Commission probe into use of off-channel communications by its employees for conducting business.
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The Securities and Exchange Commission proposed a series of rules that would change the way securities are sold in U.S. markets and create new disclosures for broker-dealers and others seeking to trade securities on behalf of retail investors.
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The Consumer Financial Protection Bureau (CFPB) has quickly become one of the most active agencies advancing the Trump administration’s pullback on prosecuting corporations, as it dropped yet another consumer protection lawsuit against a financial services company Wednesday.
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The United Kingdom’s latest effort to encourage regulators to pare down rules to attract companies and investment as a way to stimulate the economy has received mixed reviews from lawyers.
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A federal judge has ruled that Google “willfully engaged in a series of anticompetitive acts” in the advertising technology industry, the latest antitrust setback in what could become a string of losses for tech companies.
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