Gensler Targets Payment for Order Flow, Other Equity Market Structure Reforms
SEC’s Gensler targets payment for order flow and outlines several other potential areas for equity market structure reform.
June 14, 2022
Tags: Gary Gensler, Trading
IAA Calls on SEC to Exclude Advisers, Private Funds, Other Advisory Clients from Dealer Proposal
The IAA urges the SEC to exclude SEC-registered investment advisers and their clients, including private funds, from its proposed definition of “dealer.”
June 07, 2022
Tags: Private Funds, Trading
The IAA and others urge the SEC to extend the comment period for a proposal that would expand the definition of dealer to capture certain advisers and private funds.
May 31, 2022
Tags: Private Funds, Trading
SEC’s Gensler Signals Increased Focus on Fixed Income Markets
SEC Chair Gensler discusses areas of focus in fixed income markets and touches on rule changes that will affect advisers.
May 03, 2022
Tags: Gary Gensler, Settlement Cycle, Trading
Shortened Settlement Cycle on the Horizon
The SEC has proposed shortening the standard settlement cycle for most securities transactions from two business days after the trade date (T+2) to one business day after the trade date (T+1) by March 31, 2024.
February 18, 2022
SEC Proposes Cybersecurity, Private Fund Adviser Rules
The SEC has issued three rulemaking proposals – on cybersecurity, private fund advisers, and shortening the settlement cycle – that will have major implications for investment advisers.
February 09, 2022
Tags: Form ADV, Cybersecurity, Hester Peirce, Private Funds, Trading
SEC Eyes Securities Lending Reporting; IAA, Others Objected to Comment Deadline
Describing current securities lending market as “opaque,” with “information asymmetries [that create] inefficiencies,” SEC Chair Gary Gensler has shepherded through a proposal intended to increase transparency and efficiency in securities lending.
December 21, 2021
Tags: Gary Gensler, Trading
New Industry Report on T+1 Settlement Cycle, SEC Rule Proposal Expected
A new industry study targets the first half of 2024 to go live with the transition to a T+1 trade settlement cycle.
December 10, 2021
Tags: Trading
SEC Eyes Reporting of Securities Lending; IAA, Others Object to Comment Deadline
SEC Chair Gary Gensler has shepherded through another 30-day proposal, one intended to increase transparency in securities lending. The IAA and other financial services trade associations are asking for a more conventional 90-day comment period.
November 24, 2021
Tags: Gary Gensler, Trading
SEC Report Describes GameStop Trading Market Volatility, Recommends Further Study
A new SEC report says January's market volatility in "meme" stocks tested market capacity and resilience "in a way few could have anticipated."
November 05, 2021
Tags: Trading, Zero Commissions