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 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.
On February 9, the Securities and Exchange Commission proposed rules to 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").
Last Friday, the SEC published a notice announcing that on December 8, the participants to the Consolidated Audit Trail (CAT) National Market System (NMS) Plan ("Participants") withdrew its proposed amendment to revise the CAT funding model.
In October, the SEC re-opened the comment period for its 2015 clawback proposal, which it never adopted. Yesterday, ICI submitted the attached comment letter, once again reiterating that all registered investment companies ("funds") should be excluded from any final rule.
In October, the SEC re-opened the comment period for its 2015 clawback proposal,[2] which it never adopted. ICI intends to submit a comment letter. If you have comments on the attached draft, please provide them by November 18, COB.
The next meeting of the ETF Committee has been scheduled for Wednesday, December 1, 2021, 2:00-3:00 p.m. Eastern. Ben Johnson, director of global ETF fund research, Morningstar, will be our guest for the December meeting.
Last week, the SEC reopened the comment period for its 2015 clawback proposal, which it never adopted. This will allow further opportunity to analyze and comment on the proposal in light of developments since its publication.
On August 12, the International Organization of Securities Commissions (IOSCO) published the results of its examination of the behavior of exchange-traded funds (ETFs) during the COVID-19 induced market stress (the "Report").
