The SEC proposes centralising under two enforcement authorities
The Securities and Exchange Commission published for public comment an agreement that is designed to improve detection of insider trading across the equities markets.
The agreement among the securities self-regulatory organizations (SROs) proposes centralising surveillance, investigation, and enforcement under NYSE Regulation and the Financial Industry Regulatory Authority (FINRA).
Currently, each equity exchange is only responsible for surveillance of trading on its market and actions involving its members.
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