Presidential candidate U.S. Sen. Bernie Sanders (I-Vt.) wants Wall Street to pay off $1.6 trillion in student debt via new taxes on securities transactions. Sanders, U.S. Rep. Pramila Jayapal (D-Wash.) and U.S. Rep. Ilhan Omar (D-Minn.) launched a bill, the College for All Act, on June 24 that would pay off student loan debt by… Read More >>
SEC Raises Key SRO Fee by 59 Percent
Without much fanfare, the Financial Industry Regulatory Authority (FINRA) announced earlier this month via an Information Notice that it had to raise certain fees controlled by the SEC by 59 percent. “The fees that FINRA controls are staying flat,” a FINRA spokesperson tells FTF News. “Effective April 16, 2019, the Section 31 fee rate applicable… Read More >>
Dash Financial Debuts Data Visualization System
Agency broker-dealer Dash Financial has launched Dash360, a data visualization tool intended to help buy-side firms achieve more transparency and attribution into the order routing, execution behavior, costs and performance of securities transactions overseen by Dash, which works in U.S. options and equities markets. “We provide the transparency to see where we routed the order,… Read More >>
Recs to Face Greater Regulatory Scrutiny in Europe
European regulators are focusing greater attention on data integrity particularly when it comes to the reconciliation of securities operations, and that may give the back office a stronger role in the IT budgeting process, say Maryse Gordon, a senior pre-sales consultant for the UnaVista hosted services business of the London Stock Exchange Group. Speaking at… Read More >>
