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Regulation SHO

BMA Securities violated the rule on hundreds of occasions by failing to close out allocated fail to deliver positions
EMS also committed additional violations by failing to make and keep true and accurate order memoranda and copies of all written communications sent by such ...
FINRA has released its first consolidated findings from recent examinations, delivering on a pledge made by the SRO’s President/CEO Robert Cook at the start of ...
Goldman’s documentation of its compliance with Reg SHO in its locate log was inaccurate in that Goldman failed to sufficiently differentiate between locates that were filled ...
Hall played a significant role in bringing the violations to the attention of regulators. Penson failed to disclose the non-compliant procedures over the course of ...
the Securities Lending Department initially attempted to comply with Rule 204 for long sales of loaned securities by (1) continuing to use its existing systems ...
A senior FINRA executive cautions broker-dealers to be sure that their supervisory systems are designed to ensure compliance with Regulation SHO. Brad Bennett, FINRA’s executive ...
A federal court in Illinois will begin hearing a case in September involving a reporter's request for SEC records of naked short selling investigations. The ...
Compliance officers at dually-registered firms and broker-dealers would be advised to heed several "red flags" within OCIE's latest risk alert so as to spot possible ...
This Risk Alert encourages awareness of options trading activity that could be used to avoid complying with the close-out requirements under Reg SHO. Such activities ...
The SEC has fined the Chicago Board Options Exchange $6 million after finding that it failed to enforce or fully understand Reg SHO, had systemic ...
FINRA is scrutinizing options trading, and believes its ability to conduct surveillance in this area will increase substantially when a consolidated audit trail (CAT) is ...
Several unusual aspects fill the short selling case filed last week against the broker-dealer optionsXpress, not the least of which is that the firm's two ...
Make sure you give your customers thorough disclosures regarding complex products, and follow solid procedures to determine for whom those products are suitable. Also review ...
In this final rule, the SEC extended the compliance deadline from Nov. 10, 2010 until Feb. 28, 2011.
This is an SEC final rule, released in March 2010, that imposes a short-sale circuit breaker mechanism designed to curtail the problem of abusive short ...
Last week the SEC cited a broker-dealer subsidiary of Goldman Sachs for violating Rule 204T of Reg SHO, which sets deadlines for closing out fails-to-deliver ...
The SEC has placed on its Web site a compliance guide to its new short sale price test under Reg SHO. It provides a clearer ...
Among the hot topics FINRA will be scrutinizing this year during exams of firms include short sales and Reg SHO compliance, the supervision of branch ...
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