Breaking News

Commenting on Automated Systems Rule Extended 45 Days

May 21, 2013 - The SEC has extended the comment period on its proposed Regulation Systems Compliance and Integrity
 for 45 days, to July 8. Securities exchanges and FINRA had asked for a 90-day extension.

SIFMA Names Judd Gregg CEO

May 20, 2013 - The financial industry advocacy group named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer. Gregg is known for advocating bipartisan approaches to balancing the national budget.

10-Second Rule Adopted for Reporting Transactions

May 15, 2013 - The SEC has approved FINRA’s proposal to require brokers to report details of equities transactions within 10 seconds of execution. The “manual nature” of an execution, however, will be taken into account.