Tag: Securities and Exchange Commission (SEC)
SEC fines MIMBT $79.8m for overvaluing 4,900 CMOs
Investment adviser Macquarie Investment Management Business Trust (MIMBT) has been fined US$79.8 million for overvaluing around 4,900 largely illiquid collateralised mortgage obligations (CMOs).
The US...
SEC appoints six new Investor Advisory Committee members
The US Securities and Exchange Commission (SEC) has added six new members to its Investor Advisory Committee.
The new members, who will serve four-year terms,...
Rules & Ratings: Rating agencies hit with US$49 million in SEC...
The SEC has charged six nationally recognised statistical rating organisations (NRSROs) with failures to maintain and preserve electronic communications. In total, more than US$49...
Do regulators understand ‘best execution’ in corporate bond markets?
What is best execution in bond markets?
In fixed income a best execution process matches up trade metrics to the investment parameters.
“Trading is simply how...
ICE begins exchange offer for outstanding unregistered 3.625% senior notes
Intercontinental Exchange (ICE) has begun the exchange offer for its outstanding unregistered 3.625% senior notes, due in 2028. They will be exchanged with equivalent...
CFTC commissioner voices cost concerns around proposed technical data reporting standards
Along with a number of financial regulatory agencies, the Commodity Futures Trading Commission (CFTC) has approved a rule proposal to establish technical data reporting...
![“Fundamentally flawed […] inadequate”; SIFMA slams SEC’s best execution proposal](https://www.fi-desk.com/wp-content/uploads/2024/08/Craig-Lewis-e1723191687527-324x160.jpg "“Fundamentally flawed […] inadequate”; SIFMA slams SEC’s best execution proposal")
“Fundamentally flawed […] inadequate”; SIFMA slams SEC’s best execution proposal
In a recent post from the Securities Industry and Financial Markets Association (SIFMA), former chief economist and director of the Division of Economic and...
SEC proposes joint data standards
The US Securities and Exchange Commission (SEC) has proposed joint data standards that would establish technical standards for data submitted to certain financial regulatory...
Row erupts as CBOE seeks to define exchange boundaries
An application by multi-asset market operator, CBOE, to define what is considered a ‘facility’ of the exchange, has triggered a row. The firm sought...
SEC classifies HFT liquidity providers as “dealers”
US markets regulator, the Securities and Exchange Commission (SEC), has adopted two rules that require market participants who engage in certain dealer roles, in...
