US Options Exchange Leaders Close to Reaching Erroneous Trade Rule Agreement

According to The Wall Street Journal, US Options Exchange leaders have stated that they are close to instituting universal rules for erroneous trades. While they mentioned that there are still a few discrepancies between the 12 U.S. options exchanges, exchange leaders stated at the Futures Industry...

CFTC and SEC Working to Strengthen Volcker Rule

According to Bloomberg.com, CFTC Chairman Gary Gensler and Kara Stein of the SEC have expressed concerns that changes need to be made to the Volcker rule. Scheduled to be set in place by the end of the year, Gensler and Stein are worried that a section of the rule, designed to limit banks’ ability to...

SEC Chair discusses refining company disclosure reports

SEC Chair Mary Jo White spoke about the SEC and its disclosure policies at a leadership conference in National Harbor, Md. The Securities and Exchange Commission posted the transcript on their website SEC.gov. During her speech White talked about the need for disclosure, stating that without it, investors...

The SEC CEO Payment-Ratio Rule comes under heavy scrutiny

According to Bloomberglaw.com, the Securities Exchange Commission (SEC) implemented an interesting new rule in September that requires public companies to disclose the ratio of their CEO pay to median worker compensation. And many seem less than pleased about it. With this new rule, all public companies will...

Obama Puts Pressure on Regulators to Push Dodd-Frank

President Barack Obama met with Wall St regulators on Monday, August 19th 2013 to discuss the progress made after the 2010 passing of the Dodd-Frank Act. According to The Wall Street Journal, Obama is urging key regulators to implement many sections of the Act in order to avoid any situation similar to the...

Top Regulators Meet With Obama On Dodd-Frank Progress

It was announced on Sunday that President Obama is planning to meet with key regulatory officials Today to discuss the advancement of Dodd-Frank. Representatives from the Treasury, the Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Commodity Futures Trading Commission, the...

Christopher Ehrman made Director of Whistleblower Office at CFTC

Christopher Ehrman, previously an attorney at the Securities and Exchange Commission (SEC) has been named as the new Director of Whistleblower Office at the Commodities Futures Trading Commission (CFTC). The Whistleblower Office was created by a provision in the Dodd Frank Wall Street Reform and Consumer...

Gensler Urges Fast Action on Cross-Border Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) planned to have cross-border derivative guidance finished by July 12th, and on June 25th CFTC Chairman Gary Gensler assured Senators that this deadline would be kept, despite some opposition. Gary Gensler, Chairman of the CFTC, told members of the Senate...

Wall Street to Face Cyber-Attack in Exercise

Can Wall Street survive an all-out cyber-attack? According to Reuters, that question will be answered on June 28. That is when SIFMA (Securities Industry and Financial Markets Association) plans to commence Quantum Dawn 2, an exercise that will simulate the confusion and turmoil that a successful hacker...

U.S. House Passes Bill To Loosen Federal Grip on FX Derivative Trading

The U.S. House has passed a bill that will loosen the federal government’s grip over the trading of foreign derivatives. The FX exemption was passed by a bipartisan group of lawmakers on a 301-124 vote. According to Bloomberg, supporters of the bill feel that this exemption is crucial to giving U.S. firms...
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