SIFMA: SEC Rule Puts Too Many Limits on Firms Securities industry trade association SIFMA and its Asset Management Group (AMG) are strongly urging the SEC to abandon proposed rules that would end or nullify the use of predictive data analytics (PDA) and PDA-like technologies by broker-dealers and registered investment advisors (RIAs). In August, the SEC… Read More >>
CME Group Offers Clearing for Sustainable Derivatives
Clearing Service to Launch Next Week CME Group is claiming a first for derivatives trading with the September 27 launch of the Sustainable Clearing service intended to help firms “track and report on how their hedging activities are advancing their sustainability goals,” officials announce. “This service will allow clients to demonstrate commitment to ESG-positive business… Read More >>
UBS Pays $10M to Resolve Bond-Flipping Case
The U.S. Securities and Exchange Commission (SEC) reports that UBS Financial Services Inc. will pay more than $10 million to “resolve charges that it circumvented the priority given to retail investors in certain municipal bond offerings.” For four years, according to the SEC’s allegations, UBS “improperly allocated bonds intended for retail customers to parties known… Read More >>
SEC Hit with High-Profile Departures
SEC Chair Mary Jo White will be losing her chief of staff at the end of June, the latest in a series of high-profile departures from the regulator. Lona Nallengara, who has served as White’s chief of staff for the past two years, recently announced his intention to leave the agency. He was responsible for… Read More >>
