This content is from: Innovation
NYSE OKs Annual Reports
The New York Stock Exchange has received all member firms' annual supervisory control reports and CEO certifications and none were referred to enforcement, said Grace Vogel, executive v.p. of member firm regulation at NYSE Regulation.
The reports varied in length from one paragraph to nearly 150 pages, Vogel said, adding that several firms discovered their compliance procedures needed to be updated. Compliance procedures for the sale of annuities, mutual funds and 529 plans came up "repeatedly" among member firms, she said. Vogel said NYSE examiners will be reviewing firm reports, noting where the firm suggested compliance procedure updates and following up with the firms to ensure those updates are made.