Securities, Futures Commission Merchants (FCMs)

SEC Adopts New Requirements for US Treasuries Clearing and Risk Management

WilmerHale on 1/2/2024

On December 13, 2023, the Securities and Exchange Commission (SEC) voted (4-1) to adopt new requirements under the Securities Exchange Act of 1934 (Exchange Act), which will restructure the clearance and settlement of...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 11/23/2016

Financial Industry Developments - CFTC Division of Market Oversight Reminds Market Participants of the Upcoming Expiration of Certain No-Action Relief From the Ownership and Control Final Rule - On November 16,...more

Financial Services Weekly News Roundup - January 2015

Goodwin on 1/8/2015

Editor’s Note: FINRA Rulemaking: In this issue we report on three recent FINRA rule amendments. The first amends the NASD rule on the use of customer account statements to require that member firms use more accurate...more

Corporate and Financial Weekly Digest - Volume IX, Issue 26

Katten Muchin Rosenman LLP on 6/30/2014

In this issue: - Delaware Fee-Shifting Legislation Delayed - SEC Orders Securities Exchanges and FINRA to Develop Tick Size Pilot Plan - CFTC Extends Relief to FCMs from Certain Commingling Requirements ...more

JAC Issues Guidance on Margin Funds

Katten Muchin Rosenman LLP on 5/28/2014

The Joint Audit Committee (JAC) has issued a regulatory alert regarding the receipt and disbursement of margin funds. As noted in the regulatory alert, a futures commission merchant (FCM) is generally prohibited from applying...more

CFTC Proposal for Enhanced FCM and DCO Protections

Orrick - Finance 20/20 on 11/6/2012

On October 23, the CFTC proposed new regulations and amendments to existing regulations to enhance protections for customers and to strengthen safeguards for the holding of money, securities, and other property deposited by...more