July 3rd – The Securities and Exchange Commission (SEC) announced today that it seeks to align the minimum margin required on security futures with other similar financial products. If the Commodity Futures Trading Commission (CFTC) votes in favor, it would be a joint proposal of the CFTC and SEC. Should the rule be adopted, it would set the minimum margin requirement for security futures at 15 percent of the current market value of each security future.
The CFTC is set to vote on the proposal July 11, 2019. If the CFTC votes to release the proposal, the public comment period will remain open for 30 days following publication in the Federal Register. Click here to download the SEC press release.
About Red Oak Compliance Solutions
Red Oak Compliance Solutions is the global advertising review software of choice in the financial services industry. It is a comprehensive suite of SEC 17A-4 compliant features that are 100% books and records compliant and provides clients with 35% faster approvals and 70% fewer touches or better. We also offer Smart Review(SM), which solves for the storage and maintenance of disclosures, helping firms reduce risk, decrease review times, and increase the speed of distribution of marketing materials. Smart Registration(SM) automates the licensing and registration management process to help reduce regulatory risk and time spent on manual processes. Overall, Red Oak allows firms to minimize risk, reduce costs, and increase compliance review process effectiveness and efficiencies.