SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e)
Action Required: Monitor for final rule adoption and assess if your firm's trading partners or custodians anticipate changes to execution quality reporting.
The SEC has proposed rescinding Rules 611 and 610(e) of Regulation NMS, which govern market data and trade execution. While this primarily impacts market structure and broker-dealer execution quality, financial advisors should be aware of potential downstream effects on trade execution costs and market transparency for their client portfolios.
Read full article at sec-pressWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- This Is How Trump Finally Signed the AI Executive Order
Former President Donald Trump has signed an executive order regarding AI policy, signaling potential shifts in the regulatory landscape for …
- The Download: Trump’s new AI order, and smart glasses for warfare
President Trump has signed a new executive order on AI, replacing a previous one. While the specific details are still emerging, executive o…
- DOL Rule to Ease Alternatives in 401(k)s Draws Over 37,000 Comments
The Department of Labor is reviewing a proposed rule that could significantly expand the availability of alternative investments within 401(…