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Institutional FX

SEC's $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures

The SEC charged the financial firms for alleged electronic communication failures.
The regulator discovered widespread off-channel communications within the companies.

Friday, 29/09/2023 | 20:52 GMT by Jared Kirui

Institutional FX

SEC Demands Stronger Anti-money Laundering Policies from Brokerage Firms

The regulator identified gaps in broker-dealers' AML programs.
The SEC said some brokerage companies commit inadequate resources to AML.

Thursday, 03/08/2023 | 08:10 GMT by Jared Kirui

Retail FX

SEC Seeks Changes to Protect Customers against Broker-Dealers’ Failure

The regulator wants broker-dealers to calculate their net cash daily rather than weekly.
In recent months, the SEC introduced other changes to the securities trading industry.

Wednesday, 12/07/2023 | 22:57 GMT by Solomon Oladipupo

Institutional FX

Nasdaq Upgrades Risk Platform as Demand from Banks, Broker-Dealers Jump

The upgrade comes with several features including live view of risk across portfolios.
Users of the Nasdaq Risk Platform jumped by 50% in one year.

Wednesday, 12/04/2023 | 13:29 GMT by Solomon Oladipupo

Institutional FX

US Wants Financial Services to Get Rid of Paper

The SEC says electronic submission was "generally well received" during COVID-19 period.
The regulator is accepting public feedback on proposed amendments until May 22.

Wednesday, 22/03/2023 | 18:36 GMT by Solomon Oladipupo

Institutional FX

US Regulator Adopts Rules to Enforce Single-Day Securities Settlement

The SEC sets May 28, 2024, as the compliance date.
The securities regulator started enforcing the current T+2 cycle in 2017.

Wednesday, 15/02/2023 | 20:50 GMT by Solomon Oladipupo

Retail FX

TRADE.com Owner Gets FINRA License, Expands to US Market

FINRA granted TRADE.com a broker-dealer license.
The broker is regulated in five different jurisdictions.

Wednesday, 07/12/2022 | 12:07 GMT by Damian Chmiel

Executives

Orion Szathmary Emerges as the CEO of TradeZero Canada Securities

Szathmary was previously the VP at RBC Direct Investing in Canada.
TradeZero was accepted as a member of IIROC nine months ago.

Monday, 14/11/2022 | 16:18 GMT by Solomon Oladipupo

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