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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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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CFTC Staff Publishes Updated Responses to FAQs Regarding Commission Regulation 4.27 and Form CPO-PQR

The CFTC recently updated its FAQs regarding CFTC Regulation 4.27 and Form CPO-PQR. There are no new FAQs; rather, these…
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NFA Compliance Rules 2-9 and 2-36: Members' Use of Third-Party Service Providers

On March 24, 2021, the National Futures Association (“NFA”) provided Notice to Members requiring each Member to adopt and implement…
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FINRA Changes to Corporate Financing Rule 5110 Effective 9.16.2020

Earlier this summer, FINRA's Board of Governors approved filing with the SEC proposed amendments to FINRA Rule 5110, which requires…
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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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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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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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The SEC Proposed Amendments to its Electronic Recordkeeping Requirements

November 23rd | 2021 Last week, the SEC proposed amendments to its electronic recordkeeping requirements for broker dealers, security-based swap…
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The SEC’s Division of Examinations Published Their Observations Regarding IA's Fee Calculations

November 11th | 2021 The SEC’s Division of Examinations (the “Division”) has published their observations regarding Investment Advisers’ Fee Calculations.…
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