The SEC named Sanjay Wadhwa Deputy Director of the Enforcement Division, effective immediately.

An investment banking firm settled FINRA charges for failing to comply with the Exchange Act short sale locate requirement in connection with equity security short sales that its market making desk effected for its own account.

An investment adviser, its principal and a trader settled SEC charges "for causing the executing brokers of a hedge fund to violate [short sale] order-marking and locate requirements, and . . . causing the hedge fund to act as a dealer without registering with the Commission. . . ."

FINRA's Office of Financial Innovation requested comment on the regulatory implications of cloud computing, a technology increasingly adopted by broker-dealers for the purposes of scaling operations, business continuity and launching products.