The SEC has filled two deputy director posts in the Division of Trading and Markets: Gary Barnett and Gary Goldsholle, officials say. Barnett and Goldsholle succeed former deputy directors James Burns and John Ramsay, who left the agency earlier this year. Barnett will be responsible for the office of broker-dealer finances, and the office of… Read More >>
Advent Upgrades Products via Partners, User Input
Investment management systems and services vendor Advent Software has updated key offerings of its product suite, providing integration with other vendors’ offerings and incorporating ideas and even software from its user community, reports Robert Roley, vice president, solutions for Advent. The integration with other third-party vendors helps Advent provide more complete solutions that are implemented… Read More >>
SEC Names Head of Exams for Los Angeles
The SEC has named Karol L.K. Pollock as the new associate director of the exam program in the Los Angeles office, succeeding Martin Murphy, who retired earlier this year after more than 36 years of public service. After Murphy’s retirement, Pollock was named the acting director until a replacement was found, SEC officials said. Pollock… Read More >>
Fonetic Adds Multi-Trade Search Functions
Fonetic, a voice and text management vendor, has added multi-trade search and reconstruction capabilities to its compliance portfolio, officials say. Fonetic scans social media, data analytics, sentiment analysis and unstructured data for a multi-channel, multi-language solution that decodes customer behavior and makes recommendations on how to act, officials say. The company says that its Dodd-Frank… Read More >>
ITRS Weighs In On SEC’s Reg SCI
Mark Brennan, head of business development, Americas at ITRS, is applauding the SEC’s vote last week to take on the technology infrastructure of the U.S. securities markets with Regulation Systems Compliance and Integrity (Regulation SCI). “Tackling systemic risk has been one of the biggest priorities in recent years and the approval of the SEC’s long-anticipated… Read More >>
Q&A: Does Reg SCI Have Enough Bite?
Spencer Mindlin, an analyst with market research firm Aite Group, spoke to FTF News about the SEC’s vote to make the technology infrastructure of the U.S. securities markets more accountable via the Regulation Systems Compliance and Integrity (Regulation SCI). At Aite, Mindlin covers capital markets technology and has more than 15 years of experience in… Read More >>
SEC Tackles Exchange Infrastructure Breakdowns
Earlier this week, the SEC voted to take on the technology infrastructure of the U.S. securities markets with Regulation Systems Compliance and Integrity (Regulation SCI), acknowledging that most trading now is electronic, highly interconnected and potentially devastating if infrastructure performance problems become widespread, say industry observers. Regulation SCI is a set of rules and regulations… Read More >>
SEF Market Fears Regulators Missed Cross-Border Harmony
Regulators tasked with overseeing swaps markets in the U.S. and the U.K. struck a hopeful and conciliatory tone in comments at the SEFCON V conference last week, but market participants were skeptical, with one panelist noting that “hope is not a strategy.” Representatives from the CFTC and the Financial Conduct Authority (FCA) signaled at the… Read More >>
Survey: Asset Managers Make Peace with Regulators
RIMES, a provider of managed data services for the buy side, reports recent survey results showing an “increase in the readiness of asset management firms to deal with incoming and proposed regulation,” and a growth in positive attitudes toward the necessary changes required to meet regulatory demands. The survey, conducted in conjunction with RIMES’ recent… Read More >>
DOJ Slams JPMorgan with Criminal Charges
JPMorgan is acknowledging through a regulatory filing with the SEC that it is preparing to face criminal charges via the U.S. Department of Justice (DOJ) for the bank’s alleged role in a widespread manipulation of foreign exchange (FX) markets that came to light last year. By ratcheting up the charges to the criminal level, the… Read More >>
