Brokerage trading practices, payment for order flow under scrutiny (MarketWatch)

Ongoing reviews by regulators and an upcoming Congressional hearing have brokerage firm trading practices under the spotlight. This following the recent GameStop trading frenzy, revealing online broker Robinhood’s reliance on payment for order flow, and raising questions about its actions to restrict trading in Gamestop. Regulators have condoned payment for order flow for many years,…

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ESG disclosure requirements on the horizon (Law360)

The SEC has established a post specifically to advise on ESG regulatory issues. The naming of Satyam Khanna as a senior policy adviser for ESG signals that efforts are underway at the SEC for formulating ESG regulations, concludes Amy Lynch, FrontLine’s Founder and President. Ms. Lynch comments that ESG-like mandates will likely be relied on…

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“Squawk Box” interviews FrontLine’s Founder and President (CNBC)

Amy Lynch, FrontLine’s Founder and President, returned for another interview on CNBC, this time on “Squawk Box” to discuss the options for regulators following the market volatility created by the Reddit influenced trading of GameStop. Ms. Lynch responds to questions about possible actions determined by the panel of regulators recently convened by Treasury Secretary Janet…

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Compliance departments: check your policies and procedures (Law360)

Firms should be bolstering compliance resources and staff in anticipation of a new SEC that will more closely follow the letter of the law than the prior one. FrontLine’s Founder and President, Amy Lynch, recommends that firms evaluate their policies and procedures by reviewing them against actual firm functions within operations. Ms. Lynch also suggests…

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Industry awaits Gensler’s agenda (CQ Roll Call)

Expect SEC chairman nominee Gary Gensler to seek greater regulation of Wall Street that will be viewed as anti-industry, but many Congressional Democrats, industry groups and fellow regulators agree it’s exactly what’s needed. Amy Lynch, FrontLine Compliance Founder and President, states that Gensler’s track record as a regulator has shown him to be a tough…

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