Equity Markets Advisory Content

ICI has filed the attached comment letter with the SEC on its short position and short activity disclosure rule proposal

ICI has filed the attached comment letter with the SEC on its Government Securities ATS and "Exchange" Definition rule proposal. The letter addresses proposed amendments to Rule 3b-16, which would, among other things, deem a "communication protocol system" to be within the definition...

On March 28, the Securities and Exchange Commission (SEC or "Commission") proposed new rules ("Proposal") that would further define the phrase "as part of a regular business," as used in the definitions of "dealer" and "government securities dealer" under Sections 3(a)(5) and 3(a)(44)...

ICI recently filed a comment letter on the SEC proposal that would shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date ("T+2") to one business day after the trade date ("T+1").

ICI has filed a comment letter with the SEC on its proposal to amend the rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal").

The ICI and twenty-four other trade associations submitted a joint letter to SEC Chair Gensler yesterday expressing serious concern that the Commission is not affording sufficient time for meaningful public input into the rulemaking process.

ICI has filed the attached comment letter with the SEC on its large security-based swap ("SB swap") position reporting proposal. The letter addresses proposed Rule 10B-1, which would require any person with an SB swap position of a certain size, based on specified calculations, to...

FINRA recently issued a regulatory notice expressing concerns associated with the sale of complex products and options to retail investors, and soliciting comment on related practices and rule enhancements.

On February 10, the Securities and Exchange Commission proposed amendments to its rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). Comments on the Proposal are due on April 11, although ICI expects to file by April 7.

On February 25, the SEC proposed new Rule 13f-2 to require institutional investment managers ("managers") to report certain gross short position and related activity data for equity securities on a monthly basis through a new confidential Form SHO.