FinOps Report: SEC’s New Rule 606: Execution Transparency At a Cost

By Jen Fagenson

March 21, 2019

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Dash’s Chief Compliance Officer, Venu Palaparthi, speaks with FinOps Report Editor, Chris Kentouris on the upcoming Rule 606 deadline and how the regulation will affect the market.

For brokerage trade operations, compliance and IT managers, giving fund managers a lot more details about where and how their trades were executed to fulfill the US Securities and Exchange Commission’s enhancements to Rule 606 could turn into a major operational headache.

At issue is how much data broker-dealers have readily available, how much they have to track down, and how they will compile the results. The SEC has not clearly defined some of the elements it wants and given that the deadline for complying with the new Rule 606 is May 20, broker-dealers don’t have much time to spare. Trade operations, compliance and IT directors will need to quickly get their acts together.

To read the full article, click here.