1. SR-NASDAQ-2017-078 Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Chapter V, Section 6, Nullification and Adjustment of Options Transactions Including Obvious Errors

    The SEC has approved changes to Chapter V, Section 6 of the Exchange’s Options Rules, entitled “Nullification and Adjustment of Options Transactions including Obvious Errors.” While these amendments are effective upon filing, the Exchange has designated the proposed amendments to be operative on a date that is within ninety (90) days after the Commission approved a similar proposal filed by Bats BZX on July 6, 2017.

    8/7/2017

  2. CBOE Regulatory Circular 17-108 Marketable AIM Auction Responses

    Beginning August 2, 2017, the CBOE will implement a change to AIM Auctions. Auction responses will no longer end the auction immediately if they are marketable with the opposite-side Exchange BBO, or for complex orders, the opposite-side Exchange Spread Market (“ESM”). This change applies to Simple, Complex, and Stock/Option AIM transactions, as well as SAM (AIM AON) transactions.

    8/1/2017

  3. MSRB Regulatory Notice 2017-15 SEC Approves Amendments to MSRB Rule G-26 on Customer Account Transfers

    The MSRB received approval from the SEC on July 27, 2017, to amend MSRB Rule G-26, on customer account transfers, to modernize the rule and promote a uniform customer account transfer standard for all brokers, dealers, municipal securities brokers and municipal securities dealers. The amendments will be effective on January 29, 2018.

    7/31/2017

  4. SR-NASDAQ-2017-073 Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Options Market Rules at Chapter IV, Section 6

    The Exchange proposes to amend NOM Rules at Chapter IV, Section 6, entitled “Series of Options Contracts Open for Trading” by modifying the strike setting regime for the iShares Core S&P 500 ETF (“IVV”) options. Specifically, the Exchange proposes to modify the interval setting regime for IVV options to allow $1 strike price intervals above $200.

    7/28/2017

  5. MSRB Regulatory Notice 2017-14 Market Advisory on Issuer’s Designation of Underwriter’s Counsel

    The MSRB is publishing this market advisory to remind municipal market participants of the important role that underwriters play in bringing municipal securities to the market and counsel’s role in assisting the underwriter; to note the increasing due diligence responsibilities of underwriters and their counsel; and to restate the importance of underwriter’s counsel possessing the independence, expertise, experience and capacity necessary to perform the critical role of legal counsel to an underwriter during an underwriting of municipal securities

    7/27/2017

  6. MSRB Regulatory Notice 2017-13 MSRB Provides Guidance on Duties of Non-Solicitor Municipal Advisors in Conduit Financing Scenarios

    MSRB Rule G-42, on duties of nonsolicitor municipal advisors, establishes core standards of conduct for municipal advisors that engage in municipal advisory activities, other than municipal advisory solicitation activities. To facilitate compliance with Rule G-42, the MSRB has developed interpretive guidance addressing the applicability of the rule to several scenarios that may arise in connection with the issuance of municipal securities for a conduit borrower. The MSRB’s guidance discusses a municipal advisor’s relationship(s) with, and duties and obligations owed to, a municipal entity issuer, an obligated person that is a conduit borrower, or both, in these scenarios.

    7/13/2017

  7. FINRA Regulatory Notice 17-24 FINRA Issues Guidance on the Enhanced Confirmation Disclosure Requirements in Rule 2232 for Corporate and Agency Debt Securities

    FINRA is issuing this Notice to announce publication on its website of Frequently Asked Questions (FAQ) relating to enhanced confirmation disclosure requirements for corporate and agency debt securities pursuant to FINRA Rule 2232. The new requirements are scheduled to take effect May 14, 2018.

    7/12/2017

  8. MSRB Regulatory Notice 2017-12 MSRB Provides Implementation Guidance on Confirmation Disclosure and Prevailing Market Price

    Effective May 14, 2018, amendments to Municipal Securities Rulemaking Board (MSRB) Rule G-15, on confirmation, clearance and other matters require brokers, dealers and municipal securities dealers to disclose additional information, including their mark-ups and mark-downs to retail customers on certain principal transactions. Amendments to Rule G-30, on prices and commissions, provide guidance on prevailing market price for the purpose of determining mark-ups and other Rule G-30 determinations.

    7/12/2017

  9. SR-NASDAQ-2016-161 Order Approving a Proposed Rule Change to Adopt a New Extended Life Priority Order Attribute under Rule 4703

    The Exchange has proposed to offer a new ELO attribute, which would allow certain displayed retail orders to receive higher priority on the Nasdaq book than other orders at the same price (“Extended Life Priority”), and to make conforming changes to its rules. As discussed in more detail, the Exchange has proposed to amend Rule 4703 to set forth the ELO attribute in new subparagraph (m), add an attachment B to its designated retail order attestation form that sets forth an attestation that would be required of members in connection with utilizing the ELO attribute, and make related changes to Rules 4702(b), 4752, 4753, 4754, and 4757.

    7/7/2017

  10. CBOE RG17-085 Prearranged Trades

    This Regulatory Circular restates CBOE policy concerning prearranged trading. Trading Permit Holders are cautioned that any purchase or sale, transaction or series of transactions, coupled with an agreement, arrangement, or understanding, directly or indirectly to reverse such transaction which is not done for a legitimate economic purpose or without subjecting the transactions to market risk, violates Exchange Rules and may be inconsistent with various provisions of the Securities Exchange Act of 1934, as amended, and rules thereunder. All transactions must be effected in accordance with applicable trading rules, must be subject to risk of the market, and must be reported for dissemination.

    6/23/2017

Page  1  of  107 Next >>