The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose ...
The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said.
"Reg BI" requires brokers to disclose potential conflicts of interest, such as fees and the commissions they earn, when giving financial advice.It was due to go into effect on June 30, but industry is pushing for at least part of it to be delayed until Sept. 30. "I expect that the Commission and the staff will take the firm-specific effects of such unforeseen circumstances into account in our examination and enforcement efforts," he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US SEC delays ruling on controversial NYSE high-speed data planThe U.S. Securities and Exchange Commission said it needs more time to decide whether to allow a plan by the New York Stock Exchange to offer a ...
Read more »
US pension funds may pour US$400 billion into stocks, lifting virus-hit markets -JP MorganU.S. pension funds that delayed rebalancing their portfolios are likely to pump about US$400 billion into stocks over the next two quarters, ...
Read more »
US crude oil futures up 4.8per cent, support at US$20MELBOURNE: U.S. crude oil futures opened 5per cent higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming ...
Read more »
Coronavirus: US paying Russia for entire planeload of equipment sent by Moscow, says US officialWASHINGTON (REUTERS) - The United States is paying Russia for a planeload of medical equipment sent by Moscow to help fight the coronavirus outbreak, a senior Trump administration official said on Thursday (April 2), clearing up confusion as to who footed the bill.. Read more at straitstimes.com.
Read more »
US Air Force recommends paying Boeing up to US$924 million: sourcesThe U.S. Air Force has recommended the release of up to US$924 million in payments to Boeing that were held back due to flaws in KC-46 air ...
Read more »
Trump warns Iran of heightened retaliation for any attacks on US troopsWASHINGTON (NYTIMES) - US President Donald Trump warned Iran on Wednesday (April 1) against using its proxy forces to attack US troops, vowing to retaliate by going 'up the food chain,' a hint that the American military was considering a more direct strike on Iranian forces.. Read more at straitstimes.com.
Read more »