The Division of Trading and Markets regulates the major securities market participants, including broker-dealers, self-regulatory organizations (such as stock exchanges, FINRA, and clearing agencies), securities-based swap dealers, and transfer agents.

Haoxiang Zhu

Director, Division of Trading and Markets

Guidance and Statements

Frequently asked questions, interpretive letters, and staff guidance.

No-Action Letters

Correspondence from SEC staff in response to requests for no-action, interpretive, or exemptive letters.

Exemptive Relief

Notices and orders in which the Commission may grant exemptions from any Exchange Act provision, rule, or regulation.

SRO Rulemaking

Submit public comments on filings made by SROs.

Electronic Form Filing System Resources

EFFS is a secure, web-based system used for filing Form 19b-4, 19b-7, and SCI.

Resources for Investors

IM check your investor thumbnail

Visit the investor resources page to:

  • Check your investment professional
  • Ask a question
  • Report a problem with an account or financial professional