People Moves
‘Transparency advocate’ Paul Atkins to succeed Gensler as SEC chair
Current chair Gary Gensler is set to officially depart on 20 January 2025.
Tag: Securities Exchange Commission
Regulation
SEC approves first round-the-clock exchange
24X has received approval – dependent on amendments – to operate as a 24-hour exchange for equities.
Cumberland DRW charged for operating as unregistered crypto dealer by SEC
The US Securities and Exchange Commission (SEC) concluded that Cumberland DRW had operated as an unregistered dealer in more than $2 billion of crypto assets offered and sold as securities.
SEC charges TD Securities as former head of US Treasuries desk found to have allegedly made ‘hundreds’ of illegal trades
Specifically, a former TD Securities trader was found to have spoofed the US Treasury cash securities market; the SEC has ruled that the firm “lacked adequate controls and that it failed to take reasonable steps to scrutinise the trader”.
S&P Global division pays $20 million penalty to SEC
S&P Global Ratings’ settlement with the US Securities and Exchange Commission (SEC) specifically resolves violations of recordkeeping rules.
Top broker-dealers charged with millions in recordkeeping failures
The US Securities and Exchange Commission has charged 26 firms a combined total of almost $400 million; three firms will pay reduced penalties following self-reporting.
ICE issued $10 million penalty by SEC while New York Stock Exchange and others are charged
Intercontinental Exchange (ICE) has received a $10 million dollar penalty while it and nine of its affiliates have been charged with failing to inform the US Securities and Exchange Commission (SEC) of a cyber intrusion.
Majority of prop trading firms obliged to join FINRA under expanded SEC rule
Potentially dozens of broker-dealers are set to be affected by the ruling; market opinion divided on decision.
NASDAQ’s Greifeld takes aim at SEC over IEX approval
CEO says SEC did not carry out responsibility, as the exchange launches extended life orders in response to IEX’s speed bumps.
NASDAQ, NYSE and Bats team up to take on SEC
The Exchanges have been working together on initiatives aimed at improving LULD and trading pause rules from the SEC.