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SEC Chairman Announces Far-Reaching Initiatives

 

 CW Logo SmallDear Friends,

SEC Chairman Mary Jo White announced several far-reaching initiatives and rule proposals that would affect virtually every aspect of the stock market. She focused on the impact of computer-driven trading and the importance of updating the SEC’s regulatory regime accordingly.

Notably, Chairman White proposed a rule that could require high-frequency traders to register as broker-dealers. Additionally, she directed the Staff to develop an Anti-Disruptive Trading Rule, to address aggressive short-term trading strategies used by high-frequency traders.

Additionally, she announced the development of a Market Structure Advisory Committee, comprised of experts to review specific initiatives and rule proposals covering the following areas:

  • High-Frequency Trading
  • Broker Conflicts
  • Enhancement of Market Transparency and Trading Venue Regulation
  • Prevention of Market Instability
  • Quality of Markets for Smaller Companies

Please click here for a link to Chairman White’s speech. Please feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.

Thank you,

CounselWorks

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CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.
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