Cybersecurity is a top priority in the financial industry to ensure the security of customer assets and information and the efficient, reliable execution of transactions within markets.
DOL Fiduciary Standard
The Department of Labor (DOL) has finalized a change to the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) that expands the scope of those who become fiduciaries.
Many market participants have recently expressed concern that they are experiencing diminished liquidity in fixed income markets.
Senior Investor Protection
As investors age, the threat of cognitive decline grows. Recent scientific advancements have shown that financial decision making is often the first cognitive function to decline, and such decline can vary greatly - some investors may be unaffected well into their retirement, while others may face this decline much earlier.
Shortened Settlement Cycle
The securities industry completes settlement for equities, as well as corporate and municipal bonds, on the third day after a trade is executed by sending payment for the trade to the seller and the securities to the buyer. This settlement cycle is known as "T+3" – shorthand for "trade date plus three days."