The guidelines have also been revised to include sections relating to systemic supervisory failures, borrowing and lending arrangements and short interest reporting
Firms will have the power to place a temporary hold on client funds or securities that are to be disbursed if there’s a “reasonable belief of financial exploitation”
The U.S. investment industry’s SRO is seeking comment from stakeholders for suggestions on how to improve various aspects of its operations
Proposal would make it easier to demonstrate and maintain qualifications
The historical trading data is intended to encourage academic research on bond markets
The SRO’s report provides an overview of the technology, highlights its possible applications, and regulatory considerations for broker-dealers
Firms sanctioned for failing to protect records from alteration
The U.S. SRO will undertake a search for a replacement and consider both internal and external candidates
In addition, investor literacy remains relatively low as 56% failed a 10-question quiz and only 10% answered at least eight of 10 correctly
VALIC Financial Advisors was fined US$1.75 million for giving its registered reps a financial incentive to recommend proprietary products