Form PF 2022 - Deadline fast approaching

Waystone is once again pleased to offer our services to SEC registered investment advisers subject to the annual, part 1…
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Consolidated audit proposed funding model

The comment period on a revised funding model (“Proposed Funding Model”) for the consolidated audit trail (“CAT”) recently closed. The…
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SEC Division of Examination’s review of ESG investing

The SEC recently issued a Risk Alert that highlights observations from recent exams of investment advisers, registered investment companies, and…
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The SEC recently approved its market data infrastructure proposal

The SEC recently approved its market data infrastructure proposal. Earlier this year, the SEC introduced its proposal to modernize the…
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SEC Commissioner Hester Peirce's call for clearer guidance on digital assets and custody

SEC Commissioner Hester Peirce, speaking at the British Blockchain Association Conference, recently advocated for the SEC to provide more clarity…
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U.S. House FSC releases memo regarding "Meme Stocks"

Last week the U.S. House Financial Services Committee considered reform recommendations from industry experts’ testimonies regarding the trading volatility in…
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ESMA decision on lower reporting thresholds

The EU’s securities markets regulator (ESMA) recently decided not to renew its decision to require holders of net short positions…
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SEC Adopts Rules to Modernize Key Market Infrastructure

The SEC recently approved its market data infrastructure proposal. Earlier this year, the SEC introduced its proposal to modernize the…
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OCIE Risk Alert - Large Trader Obligations

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently issued a Risk Alert concerning SEC-registered investment advisers (“investment advisers”)…
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30-Day Extension for Filing Annual Reports for Certain Broker-Dealers

On February 12, the SEC extended the deadline for certain smaller broker-dealers to file their annual reports by 30 calendar…
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FINRA Proposes Changes to its Private Placement Filing Requirements to Include Retail Communications

FINRA recently submitted a proposal to amend FINRA Rule 5122 ("Private Placements of Securities Issued by Members") and FINRA Rule…
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SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities

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 State of New York Approves Mandatory Registration Requirements for IA Representatives

Commencing February 1, 2021, New York state is mandating enhanced examination and registration requirements for natural persons representing investment advisors.…
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CFTC Staff Provides Limited Continuation of Certain No-Action Relief

The Market Participants Division (MPD) and the Division of Market Oversight (DMO) of the CFTC recently announced extensions to temporary…
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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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