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Articles tagged by SEC

How Will the Election Change the US Regulatory Landscape? As FX markets continue to anticipate what will happen next following Donald Trump’s surprise victory in the US Presidential election, there could also be significant changes in the country’s regulatory landscape that financial services firms need to consider. For starters, the Commodity Futures Trading Commission (CFTC) could look very different. Historically, when there’s a transition of parties, the Chairman of the Commission has tendered their resignation on the inauguration day of the new President and then the remaining Commissioners vote amongst themselves for an acting chairman.
Second SEC Departure as Luparello Exits Just weeks after Securities & Exchange Commission (SEC) head Mary Jo White exited the US regulator, the SEC is set to lose a second senior figure. Stephen Luparello, director of the Division of Trading and Markets, will leave the agency before the end of this year. He was named director of the office in February 2014. The SEC says Luparello played a key role in enhancing the transparency and strengthening the integrity of US markets, including the operation of trading platforms, clearing agencies, and broker-dealers.
FINRA Seeks Quicker Process on Disruptive Quoting The US Financial Industry Review Authority (FINRA) has filed a notice with the Securities and Exchange Commission that will enable it to clamp down on what it considers “disruptive quoting and trading activity” much quicker than is currently possible. In the filing FINRA notes that taking action against an alleged miscreant can take “several years” before it is concluded, but it points out that there are, “…certain clear cases of disruptive and manipulative behaviour or cases where the potential harm to investors is so large, that FINRA should have the authority to initiate an expedited proceeding to stop the behaviour from continuing”.