Michael J. Ogershok

Oct 8, 2024 | lexology.com | Michael D. Wolk |Charles Sommers |W. Hardy Callcott |Michael J. Ogershok |Thomas Archer

On September 20, 2024, the SEC approved proposed rule changes submitted by FINRA and the MSRB to require reporting of trades in most fixed-income securities and municipal securities to FINRA’s TRACE or the MSRB’s RTRS “as soon as practicable” but no later than one minute from the time the trade was executed, subject to certain exceptions for manual trades and firms with limited trading activity.

May 21, 2024 | law360.com | Charlie Sommers |Andrew Blake |Michael J. Ogershok

By Charlie Sommers, Andrew Blake and Michael Ogershok (May 21, 2024, 2:08 PM EDT) -- On March 6, in a unanimous vote, the U.S. Securities and Exchange Commission adopted amendments to the disclosure requirements under Rule 605 of Regulation NMS for executions on covered orders in national market system stocks.[1]... Law360 is on it, so you are, too.

Apr 18, 2024 | lexology.com | Andrew Blake |John I. Sakhleh |Charles Sommers |Michael D. Wolk |Michael J. Ogershok |Jorge Ortiz

On March 6, 2024, in a unanimous vote, the U.S. Securities and Exchange Commission (SEC) adopted amendments to the disclosure requirements under Rule 605 of Regulation NMS for executions on covered orders in national market system (NMS) stocks (the Final Rule).1 The Final Rule seeks to modernize and enhance execution quality reporting and, among other things, (i) expands the scope of entities subject to Rule 605, (ii) modifies the categorization and content of order information required to be...

Dec 19, 2023 | law360.com | Charlie Sommers |Andrew Blake |Michael J. Ogershok

ADVERTISEMENT Don't want ads? Subscribe or login now. By Charlie Sommers, Andrew Blake and Michael Ogershok (December 19, 2023, 5:27 PM EST) -- On Oct.18, in a 3-2 vote along party lines, the U.S. Securities and Exchange Commission proposed new Rule 6b-1 under the Securities Exchange Act.

Nov 8, 2023 | lexology.com | Andrew Blake |Charles Sommers |Michael J. Ogershok

On October 18, 2023, in a 3-2 vote along party lines, the U.S. Securities and Exchange Commission (SEC or Commission) proposed new Rule 6b-1 under the Securities Exchange Act of 1934 (Exchange Act), which would prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency or riskless principal-related orders in national market system (NMS) stocks1 The rule would also require exchanges that offer such pricing in connection with...