In this issue:

- FINRA Proposes to Amend Rule 11892

- SEC Approves FINRA Rule Change to Limit Self-Trading

- FATCA Transitional Relief and Extension of Time for the Implementation of New Account Procedures for Entity Investors

- FEC Approves Bitcoin Political Donations While SEC Issues Investor Alert

- SEC Charges Five Co-Conspirators in Reverse Merger Scheme

- SEC Charges Investment Adviser with Custody Rule Violations

- FDIC Releases Resource Guide to Help Institutions Evaluate Opportunities with Community Development Financial Institutions

- FFIEC Member Agencies and State of New York to Focus Attention on Cybersecurity

- CFPB Proposes Rule on Privacy Disclosures

- Excerpt from FINRA Proposes to Amend Rule 11892:

On May 6, the Securities and Exchange Commission published a notice of filing of a proposed change to Financial Industry Regulatory Authority, Inc. Rule 11892 regarding clearly erroneous transactions in exchange-listed securities. The amendments grant FINRA the authority to declare null and void (i) transactions based on “fundamentally incorrect or grossly misinterpreted issuance information” and (ii) transactions that occur after a disruption or malfunction of the electronic communication or trading facilities or during a regulatory halt (i.e., a trading halt)...

Please see full newsletter below for more information.

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Written by:

Published In:

FEC
SEC
Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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