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.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.