FINRA, the self-regulatory organization for broker-dealers, recently issued a guidance about how generative artificial intelligence “is making it easier for bad actors to fraudulently open new accounts using investors’ identities and to improperly gain access to investors’ accounts.” Investment fraud that uses A.I. “is on the rise” because Gen A.I. “is a type of A.I…. Read More >>
SEC & CFTC Prioritize Crypto Regs Creation
The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) are following up on their recent announcements to move quickly on cryptocurrency regulation just as industry providers are getting on the crypto train. The SEC is offering more details about the mission of its special Crypto Task Force and the CFTC will be… Read More >>
Is the SEC Defanging or Protecting the CAT?
Is the Securities and Exchange Commission (SEC) undercutting or protecting the Consolidated Audit Trail (CAT) through a new exemption that would allow “natural persons” to sidestep supplying “certain personally identifiable information (PII)” such as names, addresses, and years of birth? CAT is an ambitious and controversial big data, U.S. securities transaction monitoring project that has… Read More >>
SEC & CFTC Extend Deadline for Form PF Amendments
Sometimes it pays to fight City Hall, especially when there’s a new City Hall. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) – now both under the control of the Trump administration — last week extended a controversial compliance date for the amendments to Form PF from March 12, 2025,… Read More >>
Morgan Stanley Uses Bloomberg’s US Treasury Dealer Algos
Morgan Stanley and “a leading buy-side firm” have completed a U.S. Treasury trade using Bloomberg’s U.S. Treasury (UST) Dealer Algos, which offer buy-side clients access “to wide pools of liquidity usually available only on dealer-to-dealer trading platforms,” officials say. Beyond Morgan Stanley, the new UST Dealer Algos are supported by Citi, JPMorgan, and RBC Capital… Read More >>
NYFIX Matching Integrates Symphony’s Messaging Services
The NYFIX Matching platform is declaring that it is the first post-trade matching system to offer integrated messaging because of a new partnership between NYFIX’s owner Broadridge Financial Solutions and communication systems provider Symphony, officials say. The messaging functions are intended to help asset managers and their executing brokers with “compliance, greater transparency, and streamlined… Read More >>
Deutsche Börse Subsidiary Granted Crypto License
Deutsche Börse Group’s digital asset subsidiary, Crypto Finance, has obtained its European Markets in Crypto Assets Regulation (MiCAR) license. The company’s German subsidiary now has the green light to offer a broad array of crypto services. Custody of crypto assets, exchange of crypto assets for fiat currencies, exchange of crypto assets for other crypto assets,… Read More >>
SEC’s Acting Chairman Launches Crypto Task Force
The U.S. Securities and Exchange Commission (SEC) under the new Trump team is wasting no time when it comes to forging policies that the now-former SEC Chair Gary Gensler fought against during his time at the top, particularly those concerning cryptocurrencies and other digital assets. Gensler stepped down on January 20 and Commissioner Mark T…. Read More >>
Departing CFTC Chairman Urges Guardrails for Digital Assets
The incoming Trump administration will have clean slates as far as regulating U.S. securities and commodities markets as Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on January 7 that he will be stepping down from his position on January 20 with his final day being Friday, February 7. Behnam was… Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
