Remote Online Testing Available for Candidates Seeking to Take Futures Industry Proficiency Exams

In Notice I-21-03, NFA announced that starting on January 19, 2021, NFA registration candidates that need to take the Series…
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Form Filing-New York IA Representative Registration

FINRA recently announced that effective February 1, 2021, the State of New York (NY) will begin registering Investment Adviser Representatives…
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NFA Notice to Members I-21-02

In NFA Notice to Members I-21-02, the NFA reminds its Members who claim an exemption from CPO registration must annually…
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FinCEN Extends Comment Period for Certain Convertible Virtual Currency & Digital Asset Transactions

The Financial Crimes Enforcement Network (FinCEN) recently announced it is reopening the comment period for its recent proposed rulemaking regarding…
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SEC Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose BDs

The SEC recently issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in…
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The NFA Released Two Rule Submission Letters Regarding Branch Offices and Filing Fines

On Monday, August 23rd, the National Futures Association (“NFA”) released two rule submission letters regarding Branch Offices and Filing Fines.…
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NFA Notice to Members I-20-44-Changes to the NFA Form PQR

The NFA recently issued a reminder that NFA Member CPOs are required to submit their December 31, 2020 NFA Form…
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CIMA Guidance on The Appointment, Duties, and Responsibilities of Anti-Money Laundering Officers

The Cayman Islands Monetary Authority recently issued a reminder regarding the duties and responsibilities of Anti-Money Laundering Compliance Officers (“AMLCOs”),…
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Final BD and IA Renewals Payments Due January 22, 2021

Final Statements for BD and IA Renewals recently became available for viewing and printing in E-Bill. These statements reflect the…
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Anti-Money Laundering Act of 2020 Updates to the Bank Secrecy Act (BSA)

Congress recently passed the National Defense Authorization Act for Fiscal Year 2021 (NDAA), which contained amendments to the Bank Secrecy…
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Good Faith Determinations of Fair Value Effective Date March 8, 2021

The SEC recently adopted amendments to the Investment Company Act of 1940 that addresses valuation practices and the role of…
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SEC Approves NYSE Capital-Raising Direct Listings

View postThis SEC recently approved NYSE’s proposal to allow for direct, capital raising listings on the NYSE. Direct listings are…
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FINRA Requests Comment on Enhancements to TRACE Reporting for U.S. Treasury Securities

FINRA recently issued a request for comment on Enhancements to TRACE Reporting for U.S. Treasury Securities. TRACE is the FINRA-developed…
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SEC Adopts Modernized Marketing Rule for Investment Advisers

The SEC recently approved reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments…
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CFTC Announces Review of RSBIX NFL Futures Contracts Proposed by Eris Exchange, LLC

The CFTC recently announced a review of three RSBIX NFL futures contracts self-certified by Eris Exchange, LLC (ErisX): one based…
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CFTC Division of Enforcement Issues Annual Report

The CFTC’s Division of Enforcement recently issued its annual report for Fiscal Year 2020. A few of the highlights include…
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SEC Adopts Clearing Agency Rule to Limit Potential for Overlapping or Duplicative Regulation

The SEC recently adopted a rule to limit the potential for overlapping or duplicative regulation within its security-based swap regulatory…
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Is an Outsourced Compliance Provider Appropriate for Your Firm?

The SEC’s Director of Examinations[1] recently reiterated the critical role that Chief Compliance Officers (“CCO”) play for both investment advisers…
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