Latest Securities and Exchange Commission (SEC) News: Finextra Research

iCapital Markets charged in Soes trading scam

The Securities and Exchange Commission (SEC) has charged iCapital Markets, formerly Datek Securities Corp., with securities fraud and widespread violations of the Commission's broker-dealer books and records and reporting provisions.

25 January 2002

/regulation

Nasdaq wins SEC approval for online trading data reports

The Securities and Exchange Commission (SEC) has approved a rule filing for Nasdaq's new online data reporting package for broker/dealers and institutional investors.

21 January 2002

/regulation

SEC urged to take tough line on Omgeo

An industry body representing US investment advisors has urged the Securities and Exchange Commission to closely monitor the DTCC and Omgeo for posssible abuses of 'monopoly power' in the marketplace for post-trade processing services.

27 November 2001

/wholesale

SEC approves Archipelago Exchange

The Pacific Exchange (PCX) has received approval from the Securities and Exchange Commission (SEC) to launch the Archipelago Exchange (ArcaEx), the first fully electronic national stock market for New York Stock Exchange, American Stock Exchange, and Nasdaq securities.

26 October 2001

/regulation

SEC commissioner Laura Unger steps down

Securities and Exchange Commission commissioner Laura Unger is to step down, leaving the US market watchdog perilously understaffed during a time of heightened stock market anxiety.

10 October 2001

/retail

Brief: PayPal files for IPO

Person-to-person payments operator PayPal has filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of its common stock.

01 October 2001

/wholesale

SEC committee urges market data competition

The collation and dissemination of pricing data in the equities and options markets should be opened up to competing providers says an SEC-convened advisory panel.

20 September 2001

/regulation

Nasdaq, NYSE and other exchanges to re-open Monday 17 September

After careful consideration by The Nasdaq Stock Market, the Securities and Exchange Commission (SEC), the New York Stock Exchange, and other exchanges, it was determined that the equities markets will be closed Friday, September 14, 2001.

14 September 2001

/retail

Financial portals face SEC scrutiny

The US Securities and Exchange Commission is promising to take a closer look at the activities of personal finance portals such as Yahoo and AOL to see whether they should be subject to the same regulatory restrictions as broker-dealers.

25 May 2001

/wholesale

SEC launches online investor survey

The US Securities and Exchange Commission has launched a Web-based survey to learn more about how investors are using electronic media, including the Internet, in making investment decisions.

04 May 2001

/regulation

SEC slams lax security at online brokers

The US Securities and Exchange Commission has warned online brokers to improve security following a nationwide review which revealed the routine transmission of confidential customer information by unsecured e-mail.

29 January 2001

/wholesale

SEC green lights Nasdaq SuperMontage

Consolidation among US Electronic Communications Networks appears inevitable following the approval by the Securities and Exchange Commission of Nasdaq's controversial SuperMontage trading system.

11 January 2001

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