Securities Enforcement. Investigations. Regulation.
Independent analysis of the laws, regulations, investigations, and enforcement actions shaping modern financial markets.
BRAEDEN ANDERSON
RECOGNITION AND LEADERSHIP
Braeden is one of the top securities lawyers in the country and was recognized by Best Lawyers: Ones to Watch® in America in the Financial Services Regulation Law and Securities Regulation categories. This honor is awarded to only the top 2% of attorneys in the United States and is based on a comprehensive peer-review survey.
Braeden helped lead Gesmer Updegrove to recognition in The Legal 500 United States for Corporate Investigations & White Collar Crime, Tier 3, and Finance: Fintech, Tier 4.
Braeden is active in the U.S. securities enforcement community through Securities Docket, where he has served on the 2025 and 2026 Advisory Boards and contributed video commentary through the Weekly Update.
Braeden was named the #1 United States author in FinTech in Mondaq’s Spring 2025 Thought Leadership Awards, reflecting the national reach and influence of his writing on fintech, securities regulation, and digital asset policy.
SEC Proposes to Rescind Regulation NMS Rules 611 and 610(e)
The SEC is proposing to rescind Rule 611 of Regulation NMS, which generally prohibits trade-throughs of protected quotations in NMS stocks, and Rule 610(e), which requires exchanges and national securities associations to maintain rules designed to prevent members from displaying quotations that lock or cross protected quotations.
In plain English, the SEC is proposing to remove two foundational rules that have helped define how U.S. equity orders are routed, executed, and displayed across trading venues for the past twenty years.