SEC/CORPORATE -
SEC Announces Proposed Amendments to the Definitions of “Accredited Investor” and “Qualified Institutional Buyer” -
On December 18, the Securities and Exchange Commission voted to propose amendments...more
12/23/2019
/ Accredited Investors ,
Broker-Dealer ,
CFTC ,
Comment Period ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Libor ,
New Rules ,
Private Placements ,
Proposed Amendments ,
Proposed Rules ,
Public Comment ,
Qualified Institutional Buyers ,
Resource Extraction ,
Rule 144A ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Security-Based Swaps
BROKER-DEALER -
SEC Issues Guidance on Substituted Compliance Applications by Non-US Security-Based Swap Dealers and Major Security-Based Swap Participants -
On November 25, the Securities and Exchange Commission’s...more
12/16/2019
/ Broker-Dealer ,
Capital Requirements ,
CFTC ,
Cryptocurrency ,
Economic and Financial Affairs Council (ECOFIN) ,
Emissions Trading System ,
European Banking Authority (EBA) ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Green Finance ,
Popular ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Senior Management Regime (SMR) ,
Swap Dealers ,
Swaps
BROKER-DEALER -
FINRA Expands Transparency Initiative Related to OTC Equity Trading Volume -
The Financial Industry Regulatory Authority (FINRA) previously announced an expansion to its ongoing transparency initiative...more
12/9/2019
/ Banking Sector ,
Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
MiFID II ,
NFA ,
Securities and Exchange Commission (SEC)
SEC/CORPORATE -
Glass Lewis Releases 2020 US Proxy Paper Guidelines -
On November 1, Glass Lewis released its 2020 US Proxy Paper Guidelines. The updates to the voting guidelines primarily add additional factors that...more
11/25/2019
/ Broker-Dealer ,
CFTC ,
Corporate Governance ,
Cryptoassets ,
Financial Industry Regulatory Authority (FINRA) ,
Glass Lewis ,
Institutional Shareholder Services (ISS) ,
Proxy Season ,
Proxy Voting Guidelines ,
Sale of Goods Act (SOGA) ,
Securities and Exchange Commission (SEC) ,
Smart Contracts ,
UK
SEC/CORPORATE -
SEC Proposes New Amendments to Modernize Shareholder Proposal Rules -
On November 5, the Securities and Exchange Commission voted to propose amendments to Rule 14a-8 of the Securities Exchange of 1934...more
11/11/2019
/ Broker-Dealer ,
CFTC ,
Corporate Governance ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Investment Adviser ,
No-Action Letters ,
Proxy Season ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Rule 14a-8 ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
UK Brexit
SEC/CORPORATE -
SEC Proposes Modernization of Filing Fee Disclosure and Payment Methods -
On October 24, the Securities and Exchange Commission proposed amendments to update filing fee disclosure and payment methods....more
11/4/2019
/ AML/CFT ,
Broker-Dealer ,
CFTC ,
Derivatives ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Foreign Private Issuers ,
Proxy Voting Guidelines ,
Securities and Exchange Commission (SEC) ,
XBRL Filing Requirements
FINANCIAL MARKETS -
FATF Updates List of AML/CFT Deficient Jurisdictions -
On October 18, the Financial Action Task Force (FATF) published its updated list of jurisdictions that have strategic anti-money laundering...more
10/28/2019
/ AML/CFT ,
Broker-Dealer ,
CFTC ,
Derivatives ,
EU ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Global Market ,
Suspicious Activity Reports (SARs) ,
UK
SEC/CORPORATE -
SEC Issues Legal Bulletin Regarding Shareholder Proposals Exclusion -
On October 16, the staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission issued Staff...more
10/21/2019
/ AML/CFT ,
Asset Management ,
Broker-Dealer ,
CFTC ,
Corporate Governance ,
Derivatives ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
FinCEN ,
Rule 14a-8 ,
Rule 14a-8(i)(7) ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Proposals ,
Swaps ,
Virtual Currency
BROKER-DEALER -
SEC Proposes to Require Proposed NMS Plan Fee Amendments to Follow Public Notice, Comment and Approval Procedure -
On October 1, the Securities and Exchange Commission proposed an amendment to...more
10/14/2019
/ Banking Sector ,
Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Instruments ,
Financial Markets ,
Form CRS ,
Inter-Bank Offered Rates (IBORs) ,
MiFID ,
National Futures Association ,
National Market System (NMS) ,
Regulation Best Interest ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
SEC Proposes to Amend Quotation Rule for OTC Securities -
The Securities and Exchange Commission (SEC) has proposed to amend Rule 15c2-11, which governs the publication and submission of quotations by...more
SEC/CORPORATE -
SEC Staff Announces Changes to Rule 14a-8 No-Action Request Process -
On September 6, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission announced...more
9/16/2019
/ Broker-Dealer ,
CFTC ,
Consolidated Audit Trail ,
Corporate Governance ,
EMIR ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
No-Action Letters ,
No-Action Requests ,
Proposed Amendments ,
Regulation Best Interest ,
Rule 14a-8 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
BROKER-DEALER -
FINRA Warns Investors of Potential Stock Fraud in Wake of Hurricane Dorian -
The Financial Industry Regulatory Authority (FINRA) recently released an investor alert cautioning investors of potential...more
9/9/2019
/ Broker-Dealer ,
CFTC ,
Commodity Trading Advisors (CTAs) ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Fraud Alerts ,
ISDA ,
National Futures Association ,
Natural Disasters ,
Swap Dealers ,
UK
BROKER-DEALER -
CBOE Proposes Amendments to Rule 6.49A Concerning Off-Floor Position Transfers Including RWA Transfers -
CBOE Exchange, Inc. (CBOE) recently filed a proposal to amend its Rule 6.49A to amend provisions...more
7/29/2019
/ AML/CFT ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Broker-Dealer ,
CBOE ,
CFTC ,
Commodity Exchange Act (CEA) ,
Derivatives ,
Derivatives Clearing Organizations ,
EU ,
European Commission ,
FinCEN ,
IOSCO ,
Proposed Amendments ,
UK
BROKER-DEALER -
FINRA Publishes Notice to Members Encouraging Continued Disclosure of Digital Assets Activities –
On July 18, the Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 19-24...more
7/22/2019
/ Broker-Dealer ,
Cryptocurrency ,
Digital Assets ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
New Guidance ,
Proposed Rules ,
Public Offerings ,
Reporting Requirements ,
Virtual Currency
BROKER-DEALER -
Division of Trading and Markets and FINRA Staffs Issue Joint Statement on Broker-Dealer Custody of Digital Asset Securities -
On July 8, in response to questions raised by market participants regarding...more
7/15/2019
/ AML/CFT ,
Books & Records ,
Broker-Dealer ,
CFTC ,
Cryptocurrency ,
Customer Protection Rule ,
Debt Securities ,
Derivatives ,
Digital Assets ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Markets ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Virtual Currency
SEC/CORPORATE -
SEC Adopts Additional Rules for Security-Based Swaps -
On June 21, the Securities and Exchange Commission adopted a panoply of final rules dealing with the following
aspects of the regulation of...more
7/1/2019
/ Broker-Dealer ,
CFTC ,
Cross-Border ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Instruments ,
Investment Adviser ,
MSBSPs ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Stand-Alone SBSDs ,
Swap Dealers ,
Swaps
BROKER-DEALER -
SEC Requests Public Comment on Improving Private Security Offering Exemptions -
On June 18, the Securities and Exchange Commission requested public comment on ways to simply harmonize and improve the...more
6/24/2019
/ Broker-Dealer ,
Capital Markets ,
CFTC ,
EMIR ,
EU ,
NFA ,
Private Offerings ,
Public Comment ,
Retail Investors ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
FINRA Issues Regulatory Notice Reminding Member Firms about CAT Reporting Deadlines -
On May 21, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 19-19 (Notice), which reminds...more
5/28/2019
/ Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
IOSCO ,
NFA ,
Proposed Amendments ,
Securities and Exchange Commission (SEC) ,
UK
SEC/CORPORATE -
SEC Proposes Amendments to Update the Accelerated and Large Accelerated Filer Definitions -
On May 9, the Securities and Exchange Commission proposed amendments to the accelerated filer and large...more
5/20/2019
/ Accelerated Filers ,
Broker-Dealer ,
CFTC ,
CRD IV Directive ,
CRR II ,
Financial Industry Regulatory Authority (FINRA) ,
ICFR ,
Internal Controls ,
Proposed Amendments ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Smaller Reporting Companies ,
Threshold Requirements
BROKER-DEALER -
SEC Extends Compliance Date for Regulation NMS Changes -
The Securities and Exchange Commission has extended the compliance dates for amendments to Rule 606 of Regulation National Market System (NMS)...more
5/6/2019
/ Broker-Dealer ,
CBOE ,
CFTC ,
Derivatives ,
EMIR ,
EU ,
Fake Websites ,
FBI ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
IOSCO ,
National Market System (NMS) ,
Securities and Exchange Commission (SEC) ,
Swap Data Repositories ,
Swap Dealers ,
Websites
BROKER-DEALER -
OCIE Issues Risk Alert on Investment Adviser and Broker-Dealer Compliance Issues Related to Regulation S-P -
On April 16, the Office of Compliance Inspections and Examinations (OCIE) of the Securities...more
4/29/2019
/ Bank Holding Company Act ,
Broker-Dealer ,
CFTC ,
Derivatives ,
Financial Conduct Authority (FCA) ,
FinTech ,
Gramm-Leach-Blilely Act ,
Investment Adviser ,
OCIE ,
Regulation S-P ,
Risk Alert ,
Safeguards Rule
SEC/CORPORATE -
SEC Adopts Rules to Modernize and Simplify Disclosure -
The Securities and Exchange Commission recently adopted final rules to modernize and simplify the disclosure requirements for public companies...more
4/15/2019
/ Broker-Dealer ,
Confidential Information ,
Corporate Financing Rule ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Final Rules ,
Financial Industry Regulatory Authority (FINRA) ,
Fixing America’s Surface Transportation Act (FAST Act) ,
Form 10-K ,
GAAP ,
Proposed Rules ,
Regulation S-K ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
Nasdaq Proposes Rule Change to SEC to Assume Operational Responsibility for Certain Investigation and Enforcement Functions Currently Performed by FINRA -
On April 3, the Securities and Exchange...more
4/8/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Broker-Dealer ,
CFTC ,
Corporate Governance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Memorandum of Understanding ,
Nasdaq ,
No-Action Letters ,
No-Action Relief ,
No-Deal Brexit ,
Securities and Exchange Commission (SEC) ,
SEFs ,
UK ,
UK Brexit
BROKER-DEALER -
FINRA Proposes Data Service for Corporate Bond New Issues -
The Financial Industry Regulatory Authority (FINRA) has filed with the Securities and Exchange Commission a proposed rule change to establish a...more
4/1/2019
/ Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Margin Requirements ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
Self-Regulatory Organizations ,
Swap Dealers ,
TRACE ,
UK Brexit
BROKER-DEALER -
FINRA Issues Guidance on FOCUS Reporting for Operating Leases -
On March 19, the Financial Industry Regulatory Authority, Inc. (FINRA) released Regulatory Notice 19-08 to provide guidance to members for...more
3/25/2019
/ Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Global Market ,
MiFID II ,
No-Deal Brexit ,
Securities and Exchange Commission (SEC) ,
UK Brexit