Goldman to pay $6 million in penalties to the SEC for providing deficient data
The order from the Securities and Exchange Commission (SEC) asserted that over around ten years, Goldman made more than 22,000 deficient blue sheet submissions.
Tag: Securities and Exchange Commission
SEC issues ruling for a new National Market System
The regulator has ordered FINRA and SROs associated with Cboe, Nasdaq, and NYSE to work jointly in creating a new plan.
Equities
The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
As the Securities and Exchange Commission undergoes its biggest equities shake up in 18 years to bolster best execution, Wesley Bray explores what the changes could mean for institutional investors.
SEC proposes new rules to tackle the misuse of artificial intelligence in investment processes
New rules are focused on tackling the way predictive data and similar technologies can allow firms to place their interests ahead of those of investors.
Over half of asset managers do not believe that the T+1 shift will make US equities more attractive, finds Acuiti report
Asset managers also discussed headcount with a third saying they intend to add more traders to the desk, along with operations talent in the build-up to market structure and regulatory changes.
Regulation
Challenges for the buy-side and research providers become a reality as SEC allows ‘no-action’ research letter to lapse
With the expiry of the SEC ‘no-action’ letter based on enforcement surrounding research services, industry experts provide insights on the impacts and possible solutions.
Demand for integrated surveillance doubles as regulators up pressure
Surge comes as SEC logged a record $6.4 billion in penalties last year.
PIMCO charged by the SEC for swaps disclosure and procedures failures
Without admitting or denying the regulator’s findings, PIMCO has agreed to a cease-and-desist order and a censure; will pay a combined penalty of $9 million.
SEC proposes rule changes to enhance risk management and resilience of covered clearing agencies
New proposals would include the requirement for covered clearing agencies to have policies to establish a risk-based margin system which monitors intraday exposure on an ongoing basis.
HSBC and Scotia Capital charged by SEC for off-channel communication recordkeeping failures
Both firms acknowledged that they violated recordkeeping provisions of the federal securities laws, with HSBC and Scotia agreeing to pay penalties of $15 million and $7.5 million, respectively.