News Centre

SEC Proposes Rules To Amend Minimum Pricing Increments And Access Fee Caps And To Enhance The Transparency Of Better Priced Orders

Date 14/12/2022

The Securities and Exchange Commission today proposed to amend certain rules under Regulation NMS to adopt variable minimum pricing increments, or “tick sizes,” for the quoting and trading of NMS stocks, reduce access fee caps for protected quotations, and accelerate the transparency of the best priced orders available in the market. The proposed amendments are designed to enhance trading opportunities for all investors and to help ensure that orders placed in the national market system reflect the best prices available for all investors.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The December 13-14 FOMC Meeting

Date 14/12/2022

The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the December 13-14 meeting.

Federal Reserve Issues FOMC Statement

Date 14/12/2022

Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

SIFMA Statement On SEC Equity Market Structure Proposals

Date 14/12/2022

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the SEC proposals on equity market structure reform:

“The U.S. equity markets are incredibly efficient and resilient and investors, especially retail investors, have the greatest ease of access, lowest cost of trading and best execution in history."

SIFMA Fixed Income Market Close Recommendations In The U.S., The U.K. And Japan For The Christmas Day And U.K. Boxing Day Holidays

Date 14/12/2022

SIFMA has confirmed its previous holiday recommendations for the U.S., the U.K., and Japan in observance of the Christmas Day and U.K. Boxing Day holidays.

CFTC Obtains Final Judgment Against Michigan Commodity Pool Operator And His Company For A Fraudulent Forex Scheme

Date 14/12/2022

The Commodity Futures Trading Commission today announced that Judge Matthew F. Leitman of the U.S. District Court for the Eastern District of Michigan entered an order of default judgment and permanent injunction against Ali Bazzi and his company Welther Oaks, LLC, both of Dearborn, Michigan, for misappropriating funds, fraudulent solicitation, and issuing false account statements. The court’s order requires Bazzi and Welther Oaks, jointly and severally, to pay a $441,232 civil monetary penalty, imposes permanent trading and registration bans against them, and prohibits them from violating provisions of the Commodity Exchange Act (CEA), as charged. 

SEC Proposes Amendments To Enhance Disclosure Of Order Execution Information

Date 14/12/2022

The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange. Rule 605 was adopted in 2000 and provides visibility into execution quality at different market centers. It has not been substantively updated since it was adopted.

CFTC Commissioner Johnson To Speak To The New York City Bar Association

Date 14/12/2022

BIS: Suptech In Insurance Supervision

Date 14/12/2022

Given the importance of the role of supervisory technology (suptech) in the "new normal", insurance supervisors see the need to clearly understand the potential of suptech to aid their work. 

SEC Adopts Amendments To Modernize Rule 10b5-1 Insider Trading Plans And Related Disclosures

Date 14/12/2022

The Securities and Exchange Commission today adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure requirements to enhance investor protections against insider trading. The amendments include updates to Rule 10b5-1(c)(1), which provides an affirmative defense to insider trading liability under Section 10(b) and Rule 10b-5. Collectively, the final rules aim to strengthen investor protections concerning insider trading and to help shareholders understand when and how insiders are trading in securities for which they may at times have material nonpublic information.