Securities and Exchange Commission (SEC) - News, Articles & Research

SEC fines Robinhood $65m over trade dealings

Stock trading app Robinhood has been hit with a $65 million fine by the Securities and Exchange Commission for misleading customers about payment for order flow practices that cost traders over £34 million in lost gains, the latest in a series of damning complaints about the firm's business tactics.

17 December 2020

Company announcement/markets

SEC shakes up market data rules

The Securities and Exchange Commission today adopted rules to modernize the infrastructure for the collection, consolidation, and dissemination of market data for exchange-listed national market system stocks (“NMS market data”).

09 December 2020

News/regulation

Robinhood faces hefty SEC fine for high-speed trade deals

Stock trading app Robinhood is being investigated by the Securities and Exchange Commission for failing to disclose that it sold clients' orders to high speed trading firms, according to the Wall Street Journal.

03 September 2020

Company announcement/regulation

SEC to amend accredited investor definition, widen market access

The Securities and Exchange Commission today adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in our private capital markets.

26 August 2020

Company announcement/regulation

SEC FinHub preps virtual P2P meet-ups

The U.S. Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology (FinHub) today announced the launch of virtual peer-to-peer meet-ups (P2Ps).

11 June 2020

Company announcement/regulation

SEC accepts transparency amendments to CAT NMS plan

The Securities and Exchange Commission today voted to adopt amendments to the national market system plan governing the consolidated audit trail (the “CAT NMS Plan”) to bring additional transparency, governance, oversight, and financial accountability to its implementation.

18 May 2020

Company announcement/regulation

Morgan Stanley pays $5 million penalty for misleading investors

The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC (MSSB) has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs.

12 May 2020

News/regulation

Tradebook fined for fraudulent trade routing

Bloomberg Tradebook has been fined $5 million by the Securities and Exchange Commission for allegedly violating anti-fraud provision of securities law.

07 May 2020

Company announcement/regulation

SEC demands new market data plan from exchange operators

The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to submit a new National Market System plan (NMS plan) with a modernized governance structure for the production of public consolidated equity market data and the dissemination of trade and quote data from trading venues.

07 May 2020

Company announcement/regulation

SEC to host virtual 'coffee breaks' for Covid-19 policy disclosure

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation is hosting a series of virtual coffee breaks to engage with the public to discuss updates, trends, and perspectives on how COVID-19 is impacting raising capital.

01 April 2020

Company announcement/markets

SEC chairman Clayton expounds on need for functioning markets

Over the past several weeks, my colleagues at the SEC, other regulators, elected officials, market participants and others have asked my views on the functioning of our capital markets, and the importance of those markets, in the context of our fight against COVID-19.[1]

25 March 2020

Company announcement/regulation

CBOE shuts down Chicago trading floor

The U.S. Securities and Exchange Commission noticed for immediate effectiveness a proposed rule filing submitted by Cboe Exchange, Inc. to facilitate the continued operation of Cboe's options exchange in light of Cboe's decision to temporarily suspend open outcry trading on its Chicago trading floor.

16 March 2020