Fixed Income Securities Content

[36037] March 04, 2025 TO: ICI Members Alternative Closed-End Fund Working Group Closed-End Investment Company Committee Co-Investment Working Group SUBJECTS: Alternative Investments Closed-End Funds Exchange-Traded Funds (ETFs) Fixed Income Securities Investment Advisers RE: ICI...

Last week, FINRA and the MSRB announced that they will not be setting an effective date for their approved rule changes related to reducing the trade reporting timeframe for certain transactions reported to FINRA's TRACE and MSRB's RTRS, respectively.

Last week, ICI sent a letter (linked below) to SEC Chair Gensler, requesting that the SEC (i) suspend the compliance dates for certain recent regulatory actions, (ii) halt work on not-yet-finalized rulemaking, and (iii) extend soon-to-expire relief that would have a significant impact...

Last week, the SEC staff extended indefinitely compliance relief from Exchange Act Rule 15c2-11 (the "rule") for brokers and dealers publishing or submitting quotations for fixed income securities. The prior SEC staff relief—which the 2024 Letter withdraws—would have expired in...

Later this month, ICI intends to submit a letter to the SEC, reiterating our concerns about applying Rule 15c2-11 under the Exchange Act to fixed income securities. Market participants historically have not understood the rule to apply to, and its provisions are not well-suited for...

Last month, the Securities and Exchange Commission settled charges with a registered investment adviser for overvaluing certain fixed-income securities, inappropriately cross trading them among affiliated accounts, and related disclosures deemed false and misleading. The adviser...

For the thirteenth year in a row, the Securities and Exchange Commission's Division of Examinations has published its examination priorities for the coming year. While the Division has historically published these exam priorities near the beginning of the calendar year, this is the...

The Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board's proposals, as amended, related to reducing the trade reporting outer-limit timeframe for certain transactions reported to FINRA's Trade Reporting and Compliance Engine and MSRB's Real-Time...

The Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) recently filed with the Securities and Exchange Commission (SEC) amended proposed rule changes related to reducing the trade reporting timeframe for certain transactions reported...