CFTC to Address Problems of Dealing with Evolving Technology Sphere

Despite the fact that The Commodity Futures Trading Commission (CFTC) has spent years working on plans to adapt to the technological revolution that is changing the investing sphere, the disconnect between the agency and technology was made evident after last week’s fake Associated Press (AP) tweet. The...

SEC to Propose Cross-Border Rules for Security Swaps

U.S. regulators intend to submit a proposal next week that will outline how new rules governing over-the-counter derivatives will affect cross-border transactions. Reuters reports that the Securities and Exchange Commission (SEC) announced that it will vote on the plan Wednesday. In addition, the SEC is...

SEC Proposes New Exchange Tests to Prevent Tech Breakdowns

The Securities and Exchange Commission (SEC) is striving to limit and prevent technology breakdowns at at venues handling stock, options and bond trades, by proposing a new rule to prevent malfunctions that could harm markets. Bloomberg reports that for the first time, U.S. exchanges and brokers will be...

SEC Approves Using Facebook and Twitter to Alert Investors

The Securities and Exchange Commission (SEC) stated on Tuesday that public postings on sites such as Facebook and Twitter are now allowed to communicate company announcements. The SEC added that updates posted on social media are just as good as news releases and company websites — given that the companies...

SEC’s Walter Recommends Maximum Reliance on FX Swaps Rules

The SEC’s Chairman Elisse Walter urged for a plan that would largely rely on foreign regulation for cross-border trades — ones that would only apply to U.S. rules in cases where no comparable regulations existed. Chairman Walter spoke via a video conference at the Australian Securities and Investment...

SEC Nominee White Vows ‘Bold and Unrelenting’ Enforcement

U.S. Securities and Exchange Commission (SEC) nominee Mary Jo White, intends to tell lawmakers that she will bring a “bold and unrelenting” enforcement program to the agency if she is confirmed by the U.S. Senate. Reuters reports that Ms. White stated in a prepared testimony released ahead of her...

SEC Proposes Solutions to Trading Glitches

The Securities and Exchange Commission’s (SEC) proposal for solutions to major trading glitches on Wall Street was approved unanimously on Thursday. The Wall Street Journal indicates that the SEC’s proposal is a step toward preventing random computer glitches that disrupt markets, while also...

SEC, Other Regulators May Delay Volcker Rule

Five regulators working on the Volker rule may delay releasing a final version of the rule until the second half of the year. The Wall Street Journal reports that this is later than previously expected, and that the delays are caused by how complex creating a rule that bans risky bets has become. Dodd-Frank...

SEC Seeks Rule Requiring Exchanges to Test Technology

The U.S. Securities and Exchange Commission (SEC) is currently drafting a rule that would require exchanges and clearing firms to routinely test their technology for stability and security. Bloomberg reports that SEC Chairman Elisse B. Walter told an audience at American University’s Washington College...

Will the CFTC, SEC Follow Europe with a Transaction Tax?

Now that eleven euro zone countries have approved a financial transaction tax, will U.S. regulators at the U.S. Commodity Futures Trading Commissino (CFTC) and the Securities Exchange Commission (SEC) follow suit? Ironically, though the idea of a financial transaction tax was first proposed by American...