Long Wait for Official SEC Guidance On NMS Exemptions Raises Concerns

Hintze, John
March 2008
Securities Industry News;3/3/2008, Vol. 20 Issue 9, p1
Trade Publication
The article reports on the concern raised by compliance officers of brokerages over the slow release of the guidance on market structure issues related to Regulation National Market System (Reg NMS), which would come from the U.S. Securities and Exchange Commission (SEC). In 2007, brokers had raised the issue with the Securities Industry & Financial Markets Association. The compliance officers cite the effect of 20-scond agency look-back exemption on manually executed crosses that are still common in block trading.


Related Articles

  • Independence and Other Rules Eased.  // Practical Accountant;Nov2001, Vol. 34 Issue 11, p30 

    Reports on the United States Securities and Exchange Commission's efforts to facilitate the reopening of the country's equities markets after the September 11, 2001 terrorist attacks. Commission's use of its emergency powers to ease certain regulatory restrictions; Commission's decision to...

  • NYSE, Others Attack Nasdaq Data Facility. Radigan, Joseph // Securities Industry News;3/20/2006, Vol. 18 Issue 11, p1 

    Reports on criticisms by the New York Stock Exchange (NYSE), the Boston Stock Exchange and several members of the U.S. Congress against the U.S. Securities and Exchange Commission's proposed Trade Reporting Facility (TRF) for collecting price quotes. Statement from NYSE senior vice president...

  • Babysitting Brokers. Longo, Tracey // Financial Planning;Feb2000, Vol. 30 Issue 2, p127 

    Focuses on the efforts of the United States Securities and Exchange Commission to hold a bad broker's manager accountable than they are the bad broker. Advantages for investors; Emphasis of the agency on sales practices and supervision; Similar policy of the National Association of Securities...

  • SEC: Broker-Dealers Can Use DAC Instead of NRMSIRs for Rule 15c2-12. Hume, Lynn // Bond Buyer;9/25/2001, Vol. 337 Issue 31230, p1 

    Reports the use of Digital Assurance Certification (DAC) for broker dealers to comply with the provision of Securities and Exchange Commission for secondary market disclosure in the United States. Procedures needed to provide reasonable assurance; Dissemination of disclosure documents through...

  • New rules help you avoid getting rapped by wrap accounts. Simon, Ruth // Money;Oct94, Vol. 23 Issue 10, p22 

    Reports on new Securities and Exchange Commission rules which help investors make informed decisions about wrap accounts, in which brokerage firms provide services for a preset annual fee of as much as three percent of the total assets. Improved disclosure; Advice on making smart choices.

  • Supervisory Noose Tightens for Independents. Longo, Tracey // On Wall Street;Aug99, Vol. 9 Issue 8, p28 

    Reports on the efforts of the National Association of Securities Dealers to ensure the proper ratio of supervisors to sales persons. Concerns regarding the settlement case between the United States Securities and Exchange Commission (SEC) and independent brokerage firms; Comments from Richard...

  • Best Defense. Bullard, Mercer // Financial Planning;Jun2000, Vol. 30 Issue 6, p214 

    Comments on the application of the Investment Advisers Act passed by the United States Securities and Exchange Commission, which describes the job distinctions between brokers and investment advisers. Difference between investment advisers and brokers under the law; Need for advisers to...

  • SEC Adopts Sweeping Changes to Broker-Dealer Financial Responsibility, Reporting and Audit Rules. STASTNEY, HOYT // Financial Fraud Law Report;Oct2013, Vol. 5 Issue 9, p803 

    The article focuses on the amendments for the financial responsibility rules applicable to broker-dealers. It says that U.S. Securities and Exchange Commission (SEC) adopted the said revisions in compliance to Securities Exchange Act of 1934 which require broker-dealers to obtain proprietary...

  • SEC Rules That Small Brokers Rate Different Treatment.  // Best's Review;Dec2001, Vol. 102 Issue 8, p18 

    Reports the dissimilar treatment of small broker-dealers handling variable life and annuity products for life insurers from big brokerage houses by the US Securities and Exchange Commission (SEC). Description of limited broker-dealers; Details of the SEC policy; Effectivity of the policy.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics