FINRA has fined and censured Credit Suisse Securities (USA), a division of the former Credit Suisse, for reporting 9,000 late trades to the self-regulatory organization’s Trade Reporting and Compliance Engine (TRACE) and for hundreds of thousands of inaccurate TRACE reports – all of which led to other complications. The Swiss banking giant Credit Suisse, beleaguered… Read More >>
Block Bond Trades Could Get Data Sharing Overhaul
Self-regulatory organization FINRA is considering changes to the way data (trade price and size) about block-sized trades of corporate bonds will be disseminated to the marketplace, and wants industry input for a proposed pilot program. The proposal is in response to market participants and the SEC, which have raised concerns over the current system of… Read More >>
