The CEO of the Financial Industry Regulatory Authority spoke out recently on the significance of the Consolidated Audit Trail's transaction database, ThinkAdvisor reports. The CAT is a central repository created by the Securities and Exchange Commission to allow...
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Month: October 2023
New SEC rule adopted to boost transparency in securities lending market
The Securities and Exchange Commission announced that it has adopted a new rule that is aimed at promoting transparency in the securities lending market. Under the measure, Rule 10c-1a, certain confidential information will be required to be reported to a registered...
FINRA provides guidance to member firms following review of SPACs
The Financial Industry Regulatory Authority provided an update to member firms following its review of Special Purpose Acquisition Companies (SPACs) and their affiliates. SPACs are publicly-traded corporations formed to search for a private company to merge with and...
FINRA continuing education program provides path back to securities industry
The Financial Industry Regulatory Authority is providing individuals with a way to return to the industry through its Maintaining Qualifications Program (MQP), reports ThinkAdvisor. FINRA established the MQP in 2022 to provide those with terminated FINRA registrations...
Compliance Outreach Program to be held for municipal market professionals
The Securities and Exchange Commission has announced details of a program aimed at helping municipal market professionals better understand their compliance obligations. The SEC said that registration has now opened for a virtual Compliance Outreach Program that will...