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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…
November 30, 2021
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”)…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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.…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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.…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021
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…
November 30, 2021