The Nasdaq OMX Group has filed a proposed rule change with the US Securities and Exchange Commission (SEC) to permit the listing and trading of exchange-traded managed funds (ETMFs).
Legal & Regulation
HM Revenue & Customs has approved all current Boost ETPs as UK Reporting Funds under the provisions of The Offshore Funds (Tax) Regulations 2009.
The Financial Industry Regulatory Authority (FINRA) has ordered broker-dealers Stifel, Nicolaus & Company and Century Securities Associates to pay over USD1m over the sale of unsuitable exchange-traded funds to certain clients.
Nearly half of financial services professionals (49 per cent) globally do not believe that any regulator has managed to strike the right balance between protecting investors and underpinning growth, according to a survey by Kinetic Partners.
The Financial Industry Regulatory Authority (FINRA) has ordered Atlanta-based broker-dealer JP Turner & Company to pay USD707,559 in restitution to 84 customers for sales of unsuitable leveraged and inverse exchange-traded funds and for excessive mutual fund switches.
Exchange-traded fund (ETF) promoters are more supportive of regulation than last year, according to EY's recent survey, Global ETF survey: A new era of growth and innovation.
The financial services industry is failing to adopt voluntary standards crucial to rebuilding trust in banking, despite overwhelming support from those working in the sector, according to a report.
The European Securities and Markets Authority (ESMA) has published a Discussion Paper setting out its initial views on the implementing measures it will have to develop for the new Market Abuse Regulation (MAR).
Steven Ferrigno (pictured), Managing Director EMEA for Allegro Development Corporation, comments on Monday’s announcement from the European Securities and Markets Authority (ESMA) regarding the reporting deadline for EMIR, the European Market Infrastructure Regulation regime…
Source is holding its next series of webinar courses to help investors continue and complete their required hours for Continuing Professional Development (CPD).