Compliance & Regulation
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.
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.
May 15, 2013 - The SEC has approved FINRAs 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.
May 4, 2009 - Financial firms are voicing concerns about the operational and systems changes required to accommodate the IRS's new cost-basis reporting mandate.