A broker-dealer settled NYSE Arca charges for (i) mishandling a customer options order and (ii) failing to supervise the handling of tied hedge transactions.

SEC Chair Gary Gensler directed staff to study the risks of complex exchange-traded products and recommend potential rulemakings to address such risks.

In a joint letter, financial industry trade associations asked U.S. Senate Majority Leader Senator Charles E. Schumer and Minority Leader Senator Mitch McConnell not to include proposed legislation titled the Modernization of Derivatives Tax Act of 2021 in any budget reconciliation process.

The SEC approved an amended MSRB proposal to narrow the scope of the annual customer notification requirements under MSRB rules on delivery of investor brochures and transactions with sophisticated municipal market professionals.

The North American Securities Administrators Association requested comment on a proposed model rule intended to address unpaid arbitration awards and fines.