Posts tagged Rule 15b9-1.
The Securities and Exchange Commission announced on March 25, 2015 a proposal to amend Rule 15b9-1 under the Exchange Act to require broker-dealers who trade in off-exchange venues to become members of a national securities association. According to the SEC's press release, "the amendments would enhance regulatory oversight of active proprietary trading firms, such as high frequency traders." Under this proposal, such broker-dealers would be regulated not only by the SEC, but also the industry's self-regulatory agency, the Financial Industry Regulatory Authority ...
Tags: Financial Industry Regulatory Authority, finra, national securities association, Rule 15b9-1, SEC, Securities and Exchange Commission, securities litigation