Forget for just a moment, if you can, the $75 million Deutsche Bank will pay to settle a lawsuit brought by the alleged victims of the late-but-not-great financier Jeffrey Epstein and turn your attention to Long Island, New York. (Forget too, if you can, that George Santos, the monumentally unfit U.S. Congressman is supposed to… Read More >>
AWS Outage Halted FINRA Systems on Dec. 7
Key online systems of the Financial Industry Regulatory Authority (FINRA) were unavailable on Tuesday, Dec. 7, because of an outage at cloud computing provider Amazon Web Services (AWS) that lasted about seven hours, according to alerts from the self-regulatory organization and Amazon. AWS has become a major cloud provider for financial services firms, particularly those… Read More >>
SIFMA Draws Attention to CAT Data Issues
The Securities Industry and Financial Markets Association (SIFMA) has had securities industry data breaches on its mind lately. First, SIFMA is calling on the SEC to temporarily halt the technical specification process for the Customer and Account Information System (CAIS) of the Consolidated Audit Trail (CAT) because the industry group is questioning whether the data… Read More >>
FINRA Shuffles Board of Governors
FINRA Fills Multiple Governance Posts The Financial Industry Regulatory Authority reports several changes to its board of governors. Stephen M. Cutler, executive vice president and vice chairman, JPMorgan Chase & Co., has been elected as a large firm governor, one of three on the board. Stephen A. Kohn, president and CEO, Stephen A. Kohn &… Read More >>
FINRA to Shine More Light on Dark Pools
The industry is getting more transparency into dark pools and other alternative trading systems (ATSes) via the Financial Industry Regulatory Authority (FINRA), which is expanding the data that it provides for over-the-counter (OTC) trading in equity securities. The additional transparency will cover approximately 20 percent of “all trading in National Market System equities,” according to… Read More >>
