Commentary by Steven Lofchie
SEC Commissioner Caroline A. Crenshaw challenged participants at a Symposium on Private Firms to consider the "right balance between the public and private markets," and to make regulatory recommendations to achieve it.
FINRA and Nasdaq Stock Market LLC published proposals to adopt their respective pilot programs for market-wide circuit breakers in NMS Stocks on a permanent basis.
In a regulatory notice, FINRA reminded firms of their sales practice obligations to "alternative" registered investment companies, which FINRA defined as mutual funds that "seek to achieve their objectives through investments in non-traditional investment or asset classes."
A broker-dealer settled NYSE Arca charges for recordkeeping and supervisory compliance failures.
A publicly traded Atlanta-based pest control company settled SEC charges for multiple accounting violations.