title = "Regulatory Compliance (SEC and FINRA)"

content = """
Regulatory compliance forms the cornerstone of securities trading operations, ensuring market integrity, investor protection, and fair trading practices. The Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) establish comprehensive frameworks governing trading activities.

**SEC Oversight** encompasses market structure regulation, disclosure requirements, and enforcement actions against market manipulation. The agency oversees exchanges, clearing agencies, and self-regulatory organizations, maintaining comprehensive authority over securities markets through the Securities Exchange Act of 1934 and Investment Advisers Act of 1940.

**FINRA Regulation** focuses on broker-dealer conduct, with emphasis on sales practice standards, examination requirements, and dispute resolution. FINRA enforces rules governing advertising, communications, and customer interactions, maintaining extensive examination programs to ensure industry compliance.

**Best Execution Requirements** mandate brokers achieve the most favorable terms reasonably available for customer orders, considering price, speed, likelihood of execution, and overall quality. Documentation of execution quality and routing decisions demonstrates compliance with these standards.

**Trade Reporting Obligations** require comprehensive reporting of transactions to regulatory authorities, including large trade reports (Regulation SHO), short sale delivery failures, and OTC derivative transactions. Accurate and timely reporting enables market surveillance and systemic risk monitoring.

**Market Manipulation Prohibitions** forbid practices including spoofing, layering, and wash sales that distort market prices or deceive other participants. Cross-market manipulation and coordinated trading schemes receive particular scrutiny.

**Insider Trading Restrictions** prevent trading based on material non-public information, with strict liability for violations. Robust information barriers and restricted lists prevent inadvertent violations.

**Recordkeeping Requirements** mandate comprehensive documentation of communications, orders, and transactions for specified retention periods. Electronic storage systems must ensure data integrity and accessibility for regulatory examinations.

**Business Continuity Planning** ensures trading operations continue during disruptions, with redundant systems and alternative trading arrangements protecting market stability.

**Anti-Money Laundering (AML)** programs require customer identification, suspicious activity reporting, and transaction monitoring to prevent financial crimes. Enhanced due diligence applies to high-risk customers and jurisdictions.

**Whistleblower Programs** encourage reporting of regulatory violations through confidential channels, providing protection and potential financial incentives for cooperation.

Compliance with these regulatory frameworks requires comprehensive policies, training programs, and monitoring systems to maintain market integrity and investor confidence.
"""

version = "0.0.1"
