BROKER-DEALER -
FINRA Publishes 2021 Industry Spotlight -
On May 25, the Financial Industry Regulatory Authority (FINRA) published the 2021 FINRA Industry Spotlight (Industry Spotlight), which is FINRA’s annual...more
BROKER-DEALER -
Gary Gensler Names Initial Senior Staff Members -
On April 19, the Securities and Exchange Commission announced the appointments of SEC Chair Gary Gensler’s senior staff, who will be responsible for...more
SEC/CORPORATE -
Acting SEC Chair Lee Provides Public Statement Welcoming Public Comment on Climate Change Disclosures -
On March 15, Acting Securities and Exchange Commission Chair Allison Herren Lee made a public...more
3/22/2021
/ Broker-Dealer ,
CFTC ,
Climate Change ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
NFA ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
SEC Adopts Clearing Agency Rule to Limit Potential for Overlapping or Duplicative Regulation -
On December 16, the Securities and Exchange Commission announced that it adopted a rule to limit the...more
SEC/CORPORATE -
SEC Adopts Amendments Permitting Use of Electronic Signatures for EDGAR Filings -
On November 17, the Securities and Exchange Commission adopted amendments to Regulation S-T to permit the use of...more
BROKER-DEALER -
FINRA Announces Updates to Interpretations of Margin Rule Regarding Control and Restricted Securities and Consolidation of Accounts -
On July 2, the Financial Industry Regulatory Authority (FINRA) issued...more
SEC/CORPORATE -
NYSE Provides Temporary Relief From Shareholder Approval Requirements Due to COVID-19 -
On May 14, the Securities and Exchange Commission announced the adoption and immediate effectiveness of Section...more
SEC/CORPORATE -
SEC Division of Corporation Finance Issues C&DIs on Omission of Third Year From MD&A -
As previously discussed in the April 12, 2019 edition of Corporate & Financial Weekly Digest, the Securities and...more
2/3/2020
/ Anti-Money Laundering ,
Bank Holding Company Act ,
C&DIs ,
CFTC ,
Final Rules ,
Financial Statements ,
Incorporation by Reference ,
MD&A Statements ,
NIST ,
OCIE ,
Registration Statement ,
Securities and Exchange Commission (SEC) ,
Transitional Arrangements ,
UK Brexit
BROKER-DEALER -
SEC Issues Guidance on Substituted Compliance Applications by Non-US Security-Based Swap Dealers and Major Security-Based Swap Participants -
On November 25, the Securities and Exchange Commission’s...more
12/16/2019
/ Broker-Dealer ,
Capital Requirements ,
CFTC ,
Cryptocurrency ,
Economic and Financial Affairs Council (ECOFIN) ,
Emissions Trading System ,
European Banking Authority (EBA) ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Green Finance ,
Popular ,
Securities and Exchange Commission (SEC) ,
Security-Based Swaps ,
Senior Management Regime (SMR) ,
Swap Dealers ,
Swaps
BROKER-DEALER -
FINRA Expands Transparency Initiative Related to OTC Equity Trading Volume -
The Financial Industry Regulatory Authority (FINRA) previously announced an expansion to its ongoing transparency initiative...more
12/9/2019
/ Banking Sector ,
Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
MiFID II ,
NFA ,
Securities and Exchange Commission (SEC)
SEC/CORPORATE -
SEC Proposes New Amendments to Modernize Shareholder Proposal Rules -
On November 5, the Securities and Exchange Commission voted to propose amendments to Rule 14a-8 of the Securities Exchange of 1934...more
11/11/2019
/ Broker-Dealer ,
CFTC ,
Corporate Governance ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Investment Adviser ,
No-Action Letters ,
Proxy Season ,
Proxy Voting Guidelines ,
Publicly-Traded Companies ,
Rule 14a-8 ,
Securities and Exchange Commission (SEC) ,
Shareholder Proposals ,
UK Brexit
BROKER-DEALER -
SEC Proposes to Require Proposed NMS Plan Fee Amendments to Follow Public Notice, Comment and Approval Procedure -
On October 1, the Securities and Exchange Commission proposed an amendment to...more
10/14/2019
/ Banking Sector ,
Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Instruments ,
Financial Markets ,
Form CRS ,
Inter-Bank Offered Rates (IBORs) ,
MiFID ,
National Futures Association ,
National Market System (NMS) ,
Regulation Best Interest ,
Securities and Exchange Commission (SEC)
DERIVATIVES -
See also “CFTC Extends Public Comment Period for Proposed Rules Pertaining to Cross-Border Clearing” and “CFTC and European Commission Issue Joint Statement Following Meeting on Cross-Border Derivatives...more
9/23/2019
/ Broker-Dealer ,
CFTC ,
Commodities ,
Cross-Border Transactions ,
Derivatives ,
Derivatives Clearing Organizations ,
Final Rules ,
Foreign Investment ,
Major Swap Participants ,
Swap Dealers ,
Swaps
SEC/CORPORATE -
Federal Court Rules Investment Fund is 10 Percent Owner in Section 16 Case -
On August 20, a federal magistrate judge in the Eastern District of New York granted a motion for summary judgment in a...more
BROKER-DEALER -
SEC Requests Public Comment on Improving Private Security Offering Exemptions -
On June 18, the Securities and Exchange Commission requested public comment on ways to simply harmonize and improve the...more
6/24/2019
/ Broker-Dealer ,
Capital Markets ,
CFTC ,
EMIR ,
EU ,
NFA ,
Private Offerings ,
Public Comment ,
Retail Investors ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
BROKER-DEALER -
FINRA Issues Regulatory Notice Reminding Member Firms about CAT Reporting Deadlines -
On May 21, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 19-19 (Notice), which reminds...more
5/28/2019
/ Broker-Dealer ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Management ,
IOSCO ,
NFA ,
Proposed Amendments ,
Securities and Exchange Commission (SEC) ,
UK
BROKER-DEALER -
SEC Extends Compliance Date for Regulation NMS Changes -
The Securities and Exchange Commission has extended the compliance dates for amendments to Rule 606 of Regulation National Market System (NMS)...more
5/6/2019
/ Broker-Dealer ,
CBOE ,
CFTC ,
Derivatives ,
EMIR ,
EU ,
Fake Websites ,
FBI ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
IOSCO ,
National Market System (NMS) ,
Securities and Exchange Commission (SEC) ,
Swap Data Repositories ,
Swap Dealers ,
Websites
BROKER-DEALER -
FINRA Files Proposed Rule Change to CAB Rules Governing Qualification, Registration and Continuing Education of Associated Persons of CABs -
The Financial Industry Regulatory Authority (FINRA) is filing...more
BROKER-DEALER -
SEC Chairman Clayton and Trading and Markets Director Redfearn Call for a Reassessment of Regulation NMS -
On March 8, US Securities and Exchange Commission chairman Jay Clayton and director, Division...more
3/11/2019
/ Alternative Trading System (ATS) ,
Antitrust Provisions ,
Basel Committee on Banking Supervision (BCBS) ,
Broker-Dealer ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Hart-Scott-Rodino Act ,
IOSCO ,
ISDA ,
Margin Requirements ,
MiFIR ,
National Futures Association ,
No-Deal Brexit ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Regulation NMS ,
Securities and Exchange Commission (SEC) ,
Stock Exchange ,
Truth in Lending Act (TILA) ,
UK Brexit
BROKER-DEALER -
FINRA Issues Information Notice Regarding Suspicious Email Sent to Member Firms -
On February 13, the Financial Industry Regulatory Authority (FINRA) published an information notice alerting member firms...more
2/25/2019
/ Broker-Dealer ,
BSA/AML ,
CFTC ,
Collective Investment Schemes ,
Counterparty Risk ,
Cybersecurity ,
Derivatives ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Industry Regulatory Authority (FINRA) ,
Investment Adviser ,
No-Deal Brexit ,
UK
BROKER-DEALER -
SEC Adopts Transaction Fee Pilot for NMS Stocks -
On December 19, the US Securities and Exchange Commission announced that it had voted to conduct a Transaction Fee Pilot in national market system (NMS)...more
BROKER-DEALER -
SEC Commissioner Jackson Gives Speech Regarding the State of America’s Stock Exchanges -
On September 19, Commissioner Robert J. Jackson, Jr. of the Securities and Exchange Commission gave a speech...more
SEC/CORPORATE -
SEC Issues Smaller Reporting Company Compliance Guide -
On August 10, the staff of the Securities and Exchange Commission published A Small Entity Compliance Guide for Issuers (the Guide), which...more
8/20/2018
/ Antitrust Provisions ,
CFIUS ,
CFTC ,
Corporate Governance ,
Court of Justice of the European Union (CJEU) ,
Crowdfunding ,
Derivatives ,
ECON ,
FIRRMA ,
Foreign Investment ,
Futures Commission Merchants (FCMs) ,
Smaller Reporting Companies
BROKER-DEALER -
SEC and CFTC Approve New MOU -
On June 28, the Securities and Exchange Commission and Commodity Futures Trading Commission announced the approval of a new Memorandum of Understanding (MOU) aimed at...more
BROKER-DEALER -
FINRA Proposes Rule Change Related to the Content of the Securities Industry Essentials Examination -
On January 12, the Financial Industry Regulatory Authority (FINRA) filed with the Securities and...more