News Centre

SEC Approves New Rule Requiring Consolidated Audit Trail To Monitor And Analyze Trading Activity

Date 11/07/2012

The Securities and Exchange Commission today voted to require the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) to establish a market-wide consolidated audit trail that will significantly enhance regulators’ ability to monitor and analyze trading activity.

SIFMA Applauds Revised SEC Consolidated Audit Trail Rule

Date 11/07/2012

SIFMA today released the following statement from Executive Vice President Randy Snook after the Securities and Exchange Commission (SEC) approved a final rule requiring the SROs to establish a consolidated audit trail.  

Opening Statement At SEC Open Meeting: Consolidated Audit Trail By SEC Chairman Mary L. Schapiro

Date 11/07/2012

Good morning. This is an open meeting of the Securities and Exchange Commission on July 11, 2012.

Today, we will consider a recommendation to significantly enhance our ability to regulate the nation’s equity markets.

NYSE MKT Issues Short Interest Report

Date 11/07/2012

NYSE MKT (formerly known as NYSE Amex) today reported short interest as of the close of business on the settlement date of June 29, 2012.

Opening Remarks Regarding The Adoption Of Final Rules For The Consolidated Audit Trail By SEC Commissioner Elisse B. Walter

Date 11/07/2012

Thank you, Chairman Schapiro.

This is an extraordinarily important initiative, and I would like to start this morning by repeating what I said at the proposing stage, and once again commend the staff in the Divisions of Trading & Markets; Risk, Strategy, and Financial Innovation; and Enforcement; and the Offices of Compliance Inspections and Examinations; General Counsel; and Information Technology for their hard work and collaboration on this project. I was fortunate to have been closely involved during the genesis of the consolidated audit trail proposal, and, thus, I have borne witness to the evolution of the staff’s thinking, their impressive level of dedication and the true collaborative spirit with which the Divisions and Offices have worked. I do not underestimate the significance of this rule or the effort required to bring it to fruition, and I congratulate all of you for your efforts and fortitude in getting this to the interim finish line at which we stand today. And many thanks go to my counsel, Cyndi Rodriguez, who has worked tirelessly with me throughout this process.

FIA Issues Statement Regarding Peregrine Financial Group

Date 11/07/2012

The Futures Industry Association issued the following statement today in response to the discovery of accounting irregularities at Peregrine Financial Group and a large shortfall of customer funds.

Statement At SEC Open Meeting: Consolidated Audit Trail By SEC Commissioner Daniel M. Gallagher

Date 11/07/2012

Thank you, Chairman Schapiro. I’d like to join my colleagues in expressing gratitude to the staff for the tremendous amount of work that went into this rulemaking, and the tremendous quality of the work product. This has truly been a collaborative effort, with staff from various Divisions and Offices pooling their experience, talents, and knowledge, and working closely together over a span of years.

Minutes Of The Federal Open Market Committee, June 19-20, 2012

Date 11/07/2012

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 19-20, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 19-20, 2012 meeting is also included as an addendum to these minutes.

“Smart Regulation: Keeping The Door Open for Effective Ideas” By SEC Commissioner Luis A. Aguilar

Date 11/07/2012

In my remarks at the Commission’s May 26, 2010 meeting considering the CAT proposal, I quoted from a 1980 Commission report that spoke about the need for a comprehensive market oversight surveillance system. Flash forward over three decades from that report, and not much has changed. We have seen enormous growth in the capital markets, and the SEC still does not have access to comprehensive market data. As a result, I have been a consistent and vocal supporter of a consolidated audit trail.

“That’s a Clown Question, Bro” - Statement Of Commissioner Bart Chilton At The CFTC Public Meeting On Dodd/Frank Rulemaking

Date 11/07/2012

Thank you Mr. Chairman. There are a couple of important events coming up that I want to share with you today. First, tonight the All-Star game will be played. Also, in just 11 days, we’ll have the two-year anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Now, some of you are asking, “How’s he going to put these two totally divergent things together?” It’ll all make sense in a minute. Really.