The Financial Industry Regulatory Authority has warned broker/dealers sponsoring access to the markets that they ultimately are responsible for their participants' trading activities.
The Chicago Board Options Exchange plans to eliminate broker discretionary voting for uncontested elections of directors.
BATS Exchange has won certain members the right to keep the identities of counterparties to customer trades anonymous.
The Financial Industry Regulatory Authority wants more members of the public to serve on its arbitration and mediation board than industry figures.
BATS Exchange no longer will force specialist members to follow specific procedures on erecting Chinese walls to prevent the spread of material, non-public information.
Gary Gensler, chairman of the Commodity Futures Trading Commission, warned against allowing end-users of over-the-counter derivatives to be exempt from new regulations.
Salvatore Sodano, the former chairman and CEO of the American Stock Exchange, has settled a long-standing complaint lodged by the Securities and Exchange Commission over his alleged failure to supervise the exchange.
The Investment Industry Regulatory Organization of Canada has repealed guidance that allowed firms to lock and cross markets under certain circumstances.
First Midwest Securities has promoted two staffers to serve as chief compliance officers of the firm's brokerage business and affiliated investment adviser, respectively.
The Futures Industry Association has urged the U.S. Senate to bar the Financial Industry Regulatory Authority from getting involved in the futures industry.
U.S. corporate end-users should be exempt from over-the-counter derivatives regulations because they need customized maturities and collateral arrangements, according to Scott Morrison, president of the National Association of Corporate Treasurers.
A Financial Industry Regulatory Authority plan to eliminate rules on paying foreign finders will cause compliance headaches at firms that use such services to attract overseas business, according to attorneys and other industry professionals.
Ernst & Young has hired Nancy Reich, a former senior compliance official at Merrill Lynch, as an executive director in its financial services office.
The Boston Options Exchange is hoping to make its order routing pilot permanent.