By Kyle Brasseur2024-03-07T20:25:00
Lost in the shuffle of the approval of its controversial climate-related disclosure rule, the Securities and Exchange Commission (SEC) on Wednesday also adopted amendments to its rule for order executions in national market system (NMS) stocks.
The changes will expand the disclosure requirements under Rule 605 of Regulation NMS to include broker-dealers who carry 100,000 or more customer accounts, the SEC said in a fact sheet. Also amended was the definition of “covered order” to include certain orders submitted outside of regular trading hours, certain orders submitted with stop prices, and nonexempt short sale orders and new requirements for standardized monthly reports mandated by Rule 605.
The agency noted the fact the rule was adopted in 2000 and hadn’t been substantively updated since then as a driver behind the changes.
2024-03-07T00:02:00Z By Aaron Nicodemus
The Securities and Exchange Commission finally approved its ground-breaking climate-related disclosure rule, nearly two years since it was originally proposed. Though the agency significantly watered down aspects of its proposal, the rule is already facing the prospect of legal challenge.
2024-03-06T18:51:00Z By Kyle Brasseur
Ameriprise Financial disclosed it recorded a $50 million accrual related to the resolution of a Securities and Exchange Commission probe into use of off-channel communications by its employees for conducting business.
2022-12-14T23:12:00Z By Aaron Nicodemus
The Securities and Exchange Commission proposed a series of rules that would change the way securities are sold in U.S. markets and create new disclosures for broker-dealers and others seeking to trade securities on behalf of retail investors.
2025-10-08T20:08:00Z By Ruth Prickett
Private companies that are keen to trade their shares but do not wish to become listed have gained another way to trade their shares. The U.K. government completed its initial review and published rules for the system in June.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
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