Home Broker-Dealers BD Latest News

BD Latest News

Enforcement action speaks to need to establish procedures for the handling of disclosure-related software updates
Increase in electronic trading a factor in FINRA proposing reducing the trade reporting timeframe for TRACE-eligible securities
Scheme involved placing and then, seconds before the market close, cancelling "Closing D Orders"
If approved, the amendments would extend FINRA oversight to potentially dozens of additional broker-dealers
SRO has seen an increase in the number of reps forging or falsifying customer signatures through third party digital signature platforms
Firm has paid regulators $184.5 million since 2020
Online broker's woes continue
During the SEC's investigation, Aegis Capital revised its WSPs to prohibit the firm from purchasing VSRPs for retail customers
Innovations systems
B-Ds automated surveillance system produced up to 500,000 alerts for manipulative trading per year
U.S. adults were able to grow their personal finances during the pandemic despite myriad economic disruptions

Copyright PEI Media

Not for publication, email or dissemination