INDUSTRY NEWS
SEC Adopts Large Trader Reporting Regime Washington, D.C., July 26, 2011 - The Securities and Exchange Commission today voted unanimously to adopt a new rule establishing large trader reporting requirements to enhance the agency’s ability to identify large market participants, collect information on their trading, and analyze their trading activity. Click here for more information.
STANY comments on FINRA Regulatory Notice 11-43 IOI proposal STANY_Comment_FINRA_Rule5210_IOIS STANY files comment letter with SEC on Short Sale Reporting Study required by the Dodd-Frank Act STANY_Comment_Short_Sale_Reporting STANY files comment letter with SEC on Limit Up-Limit Down The deadline for firm's CEO's to sign off on Market Access Rule complicance of July 14th is looming. Critical elements of a reasonably designed system include: -
Risk management in real-time (not end-of-day.) -
Following the MPID to determine responsibility for compliance -
Cross-asset class and cross-market obligations -
Consideration of requirements by individual order and by aggregate order. For the SEC's Final Rule click here. SEC Seeking Comment on Short Sale Reporting Study The SEC is seeking comment on the feasibility, benefits, and costs of -
requiring reporting in real-time, either publically or to the Commission and FINRA of short positions of publically listed securities, and -
of conducting a voluntary pilot program in which public companies would agree to have all trades of their shares marked "long," "short," Market market short," "buy," or "buy-to-cover," and reported as such in real time through the Consolidated Tape. For the SEC Release and to submit comments to the Commission click here.
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