News Centre

FINRA Fines Morgan Stanley $1.6 Million For Municipal Securities Violations And Related Failures - First FINRA Disciplinary Action For Violation Of Close-Out Requirements Of MSRB Rule G-12(h) And Related Supervisory Failures

Date 15/02/2024

FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $1.6 million for the firm’s repeated failures to timely close out failed inter-dealer municipal securities transactions and to take prompt steps to obtain physical possession or control of municipal security positions that are short more than 30 calendar days, and related supervisory failures. This is the first disciplinary action in which FINRA has charged a firm with violating the close-out requirements of Municipal Securities Rulemaking Board (MSRB) Rule G-12(h) and related supervisory failures. FINRA previously sanctioned Morgan Stanley for supervisory failures regarding short positions in municipal securities in 2015.

MIAX Options And MIAX Emerald Options Exchanges - Update To Fees For The Top Of Market (ToM) And Complex Top Of Market (cToM) Data Feeds, Effective March 1, 2024

Date 15/02/2024

Effective March 1, 2024, pending filing with the SEC, MIAX Options and MIAX Emerald Options will reimplement market data fees that were previously rolled back on August 3, 2023 as follows:

NGX Group, Nigerian Capital Market Community Paid Condolence Visits To Ogunbanjo And Wigwe’s Families

Date 15/02/2024

Representatives of the board and management of Nigerian Exchange Group (NGX) and key stakeholders from the capital market community paid condolence visits to the families of late Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe.

CFTC Commissioner Pham To Speak At European Parliament GBBC Future Of The Digital Finance Strategy Of The EU

Date 15/02/2024

SIFMA Supports Litigation Of The CAT Funding Model

Date 15/02/2024

In an amicus brief filed today, SIFMA outlines its support of the litigation brought by the American Securities Association and Citadel against the SEC for the approval of the CAT NMS Plan funding model.

Euronext Publishes Q4 And Full Year 2023 Results -Strong Results Demonstrating Benefits Of Euronext’s Diversified Business Model. 2023 Costs Better Than Revised Guidance. €74 Million Cumulated Run-Rate Synergies Delivered, Above The 2023 Interim Guidance Of €70 Million

Date 15/02/2024

Euronext, the leading pan-European market infrastructure, today publishes its results for the fourth quarter and full year 2023.

SIFMA And SIFMA AMG Comment On One-Minute Trade Reporting Proposals

Date 15/02/2024

In a comment letter filed with the SEC today, SIFMA and SIFMA AMG raise concerns with proposals from FINRA and the MSRB to shorten the timeframe for reporting transactions in covered fixed income securities to each of the SRO’s respective trade reporting systems to one minute.  SIFMA and SIFMA AMG note that efforts to improve transparency in the fixed income markets need to be implemented carefully, and caution that a one-size-fits-all approach is not consistent with the unique characteristics of these markets, which largely trade over the counter.

CFTC Commissioner Pham To Speak At AmCham EU Roundtable

Date 15/02/2024

B.C. Securities Commission Provides Funding To FAIR Canada

Date 15/02/2024

The B.C. Securities Commission (BCSC) will provide FAIR Canada with $100,000 to pursue investor-focused research about securities policy.

Canadian Securities Administrators Publishes 2023 Systemic Risk Committee Annual Report

Date 15/02/2024

The Canadian Securities Administrators (CSA) today published its Systemic Risk Committee’s 2023 Annual Report on Capital Markets. This annual report provides an analysis of recent financial market trends and key vulnerabilities in Canadian capital markets, and highlights the CSA’s efforts to mitigate those vulnerabilities and associated risks. The report is being made public for the first time as part of the CSA’s strategic goal to promote market integrity and financial stability by demonstrating effective oversight and greater transparency.