Corporate & Financial Weekly Digest, Featuring Articles on FINRA Updates Guidance on COVID-19 Developments, SEC Publishes FAQ on Broker-Dealer Finance Responsibility Rules and EC Adopts New Measures in Response to COVID-19

BROKER-DEALER -

SEC Announces Formation of Cross-Divisional COVID-19 Market Monitoring Group -

On April 24, the Securities and Exchange Commission (SEC) announced the formation of an internal, crossdivision COVID-19 Market Monitoring Group (COVID-19 Group). The COVID-19 Group will be a temporary, senior-level group that will assist various divisions and offices within the SEC with (1) developing staff actions and analysis related to COVID-19’s effect on markets, issuers and investors (including Main Street investors), and (2) responding to requests for information, analysis and assistance from other regulators and public sector partners.