From paper to automation, DTCC processed securities transactions valued at U.S. $2.5 quadrillion in 2022 The Depository Trust Clearing Corporation (DTCC), the premier post-trade market infrastructure
U.S. Congressman Pete Sessions (TX-17) introduced H.R. 2622, Mifid II, to codify a Securities and Exchange Commission no-action letter that currently excludes brokers and dealers compensated for research services defined as an investment adviser. Specifically, this bill writes a SEC no-action letter into law that allows broker-dealers to continue accepting cash or “hard
A heated hearing was preceded by letters to the House Financial Services Committee that gave muni advocates a chance to weigh in on regulatory concerns.