SEC Technology Efforts: Trading Anomalies


Gregg E. Berman, the SEC’s Associate Director, Office of Analytics and Research, Division of Trading and Markets recently spoke at the SIFMA Tech Conference in New York. Mr. Berman discussed how the “Flash Crash” of May 6, 2010 prompted the SEC to delve deeper into the causes of that crash and to eventually develop the Market Information Data Analytics System or “MIDAS.” Mr. Berman described how MIDAS collects comprehensive market data and how the SEC uses this data. He states that MIDAS is on par with the with the data collection and analysis capabilities of many high-frequency trading firms.


A transcript of Mr. Berman’s speech can be found via the following link:


SEC Hosting Compliance Outreach Regional Seminars (NYC - September 13)


The SEC recently announced the schedule for its upcoming Compliance Outreach Program regional seminars in several cities around the country for investment adviser and investment company senior officers, including chief compliance officers. The SEC’s Office of Compliance Inspections and Examinations (OCIE), Division of Investment Management, and Division of Enforcement’s Asset Management Unit are jointly sponsoring the regional seminars for investment companies and investment advisers. The seminars highlight areas of focus for compliance professionals. They provide an opportunity for the SEC staff to identify common issues found in related examinations or investigations and discuss industry practices, including how compliance professionals have addressed such matters.


In particular, the SEC will be hosting one of these seminars in New York on September 13, 2013 which will be geared toward newly registered investment advisers and broker dealers. Prospective topics to be discussed at the New York seminar include the SEC’s examination process, priorities, risk surveillance, and examination selection process. In addition, the staff will discuss Form PF and other filing requirements and recent industry and regulatory developments.


More information on the SEC’s Compliance Outreach Program may be found via the following link:


Back to Top