Securities Roundup: FINRA Heightens Focus on Options Industry & Wants More Investors to Use BrokerCheck, Lawmaker Hopes SEC is Taking Closer Look at National Exchanges, and US Senator Calls For Reform of Money Market Mutual Fund Industry

金融业监管局首席执行官兼董事长理查德·凯彻姆（Richard Ketchum）在安全贸易商协会的年度市场会议上说，随着问题的增长，SRO的监视和考试重点是期权行业。他指出，关于使用算法活动来执行可能的操纵以“搬迁基础股权”的投诉有所增加，这可能会导致金融公司“利用”预先建立的期权职位。

凯奇姆（Ketchum）说，FINRA已经设置了监视警报，以从涉及期权时以恶性速度更新报价的算法接收过多的消息流量。它还正在寻找公司，以确保其具有与算法相关的足够控制，并且会继续检查可能不准确编码的期权订单。

The week before, Ketchum reported that the FINRA Board of Governors had given the SRO’s staff the authority to propose to the SEC rule changes to promote greater investors use of BrokerCheck. This free tool allows investors to look up former and current firms and brokers that are registered with the SRO, and representatives and investment advisers, to decide whether the should work with them. (This information would also have to be available on websites that were maintained by/for an individual associated with these firms.) Per amendments that have been proposed to the FINRA Rule 2267, which covers the education and protection of investors, member firms would have to make sure that their company sites provide a direct link to BrokerCheck. Meantime, a change has also been proposed to FINRA Rule 8312 that would give the public permanent access to information available through BrokerCheck about foreign and state cases against associated persons who were let go after a settlement was reached. It would also per the board’s approval, make downloads of BrokerCheck information available.

In other securities fraud news, following the SEC’s announcement that the New York Stock Exchange will pay $5 million to settle first-of-its kind charges over compliance failures that allegedly gave some clients an advantage over others in regards to trading information, Senate Banking Securities subcommittee chair Senator Jack Reed (D-RI) said he “hoped” that this now means that the Commission will more closely scrutinize national exchanges’ activities. Reed, who spoke at the same Security Trader Association gathering as Ketchum, said the enforcement action could compel the national exchanges to seriously assess their for-profit model, which did not exist a few years ago.

Also hoping for the SEC to take additional actions is Sen. Bob Corker (R-Tenn.). He wrote a letter to SEC Chairman Mary Schapiro and the commissioners earlier this month urging them to find a “solution” on how to revamp the $2.6 trillion money market mutual fund industry. He is worried that the funds remain a “real risk” to the financial system and should a run of funds occur, Congress would have to make the difficult decision of letting investors sustain losses or rescue a fund or the industry.

Schapiro说她无法提出所需的选票来推动一项将重大改革货币市场行业的提议，几周后他的信到达了几周。Schapiro表示，一系列资金情况仍然是一种可能性。

在Shepherd Smith Edwards和Kantas，Ltd，LLP，我们的证券欺诈律师是她帮助bob200体育投资者弥补损失的。

凯奇姆（Ketchum

SEC Signaling Probe of Exchanges Through NYSE Fine, Reed Suggests, Bloomberg/BNA, September 24, 2012

Read Senator Corker’s Letter (PDF)

BrokerCheck, FINRA
更多的博客文章:
SEC Enforcement Roundup: Commission to Make Closer Examination of Revenue-Sharing Between Brokers and Investment Advisers, NYSE to Pay $5M For Alleged Compliance Issues, and Enforcement Director Khuzami Praises His Division’s Performance, Institutional Investor Securities Blog, September 18, 2012

SEC Commissioners Paredes and Gallagher ‘Dismayed’ Over Chairman Schapiro’s Announcement Regarding Failed Money Market Mutual Fund Industry Overhaul Proposal, Institutional Investor Securities Blog, September 7, 2012

Why Were Two Former Morgan Stanley Smith Barney Brokers Not Named As Defendants in Securities Lawsuit by State Regulators Over $6M Now Missing From Wisconsin Funeral Trust?，股票经纪人欺诈博客，2012年9月27日