The SEC Division of Trading and Markets provided a broker-dealer with no-action relief concerning covered exchange-traded fund shares for closeout purposes under Regulation SHO.

FINRA proposed amendments to certain rules to expedite arbitrations.

The Office of the Comptroller of the Currency assessed a $15 million civil money penalty against a U.S. bank for violations of bankruptcy filing practices.

The SEC charged a portfolio manager at a registered investment company with diverting at least $1.95 million from a fund over which he had trading authority to his personal brokerage account.

At the SIFMA Equity Market Structure Conference, SIFMA Executive Vice President Randy Snook restated the Association's recommendations to the SEC regarding the future of Regulation NMS.