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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The SEC’s Division of Examinations Published Observations From Their Series of Examinations

November 11th | 2021 This week, the SEC’s Division of Examinations (the “Division”) published observations from their series of examinations…
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The SEC Has Approved the Public Company Accounting Oversight Board’s Rule 6100

November 9th | 2021 Last week, the SEC announced that it has approved the Public Company Accounting Oversight Board’s (PCAOB)…
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Preliminary Statements for FINRA BD and IA Renewal Feeds are Available for Viewing

November 9th | 2021 As of yesterday, November 8th, Preliminary Statements for FINRA BD and IA renewal feeds are available…
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Examination of Advisers’ Practices for Principal and Cross Trades Involving Fixed Income Securities

July 26th | 2021 The Division of Examinations (the “Division”) of the Securities and Exchange Commission (“SEC”) conducted extensive examination…
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Recent Observations About Common Deficient and Industry Practices Related to Wrap Fee Programs

July 26th | 2021The Division of Examinations (the “Division”) of the Securities and Exchange Commission (“SEC”) published observations regarding common…
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CFTC Staff Issues Advisory to Swap Dealers

June 24th | 2021 The CFTC recently issued an advisory to swap dealers clarifying the use of internal models in…
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Adjustment for Inflation of the Dollar Amount Tests in Rule 205-3 under the Investment Advisers Act

June 22nd | 2021 The SEC recently approved an order that adjusts for inflation the dollar amount thresholds of the…
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Proposed Rule Change to Increase the National Securities Clearing Corporation Minimum Required Fund Deposit

June 22nd | 2021 The National Securities Clearing Corporation (“NSCC”) recently proposed rule change to increase the minimum Required Fund…
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FINRA Eliminates the Order Audit Trail System (OATS) Rules

June 22nd | 2021 FINRA recently announced September 1, 2021 as the effective date for the elimination of the Order…
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SEC Approves FINRA Changes to Rule 5122 and FINRA Rule 5123

June 15th | 2021 On June 9, 2021, the SEC approved FINRA’s proposal to amend FINRA Rule 5122 ("Private Placements…
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FINRA Requests Comment on Short Interest Position Reporting Enhancements

June 9th | 2021FINRA is requesting comment on potential enhancements to its short sale reporting program. Pursuant to FINRA Rule…
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Consolidated Audit Proposed Funding Model

May 26th | 2021 The comment period on a revised funding model (“Proposed Funding Model”) for the consolidated audit trail…
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NFA Compliance Rules 2-9 and 2-36: Members' Use of Third-Party Service Providers

May 26th | 2021 On March 24, 2021, the National Futures Association (“NFA”) provided Notice to Members requiring each Member…
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CFTC Staff Publishes Updated Responses to FAQs Regarding Commission Regulation 4.27 and Form CPO-PQR

May 26th | 2021 The CFTC recently updated its FAQs regarding CFTC Regulation 4.27 and Form CPO-PQR. There are no…
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