In this issue:
- FINRA Proposes to Adopt Rules on Quotation Requirements for OTC Equity Securities
- CFTC Seeks Comment on ICE Clear Europe Portfolio Margining Proposal
- New York DFS Proposes First Comprehensive Regulatory Framework for Virtual Currency Businesses
- District Court Clarifies Statute of Repose Timeline in Material Misstatement Case
- Ninth Circuit Defines Vicarious Liability Standard Under the TCPA
- FDIC Proposes Changes to Assessments Rule
- Excerpt from FINRA Proposes to Adopt Rules on Quotation Requirements for OTC Equity Securities:
The Financial Industry Regulatory Authority, Inc. is proposing to adopt rules governing the quotation requirements applicable to over-the-counter (OTC) equity securities. The rules would establish minimum standards for quotations and require fair and non-discriminatory access to member inter-dealer quotation systems. Member inter-dealer systems would be required to adopt and provide to FINRA written (i) policies and procedures on the collection and dissemination of OTC securities quotations, (ii) standards for fair and non-discriminatory system access and (iii) descriptions of each quotation-related data product along with pricing information. FINRA is also proposing minor amendments to its existing rules on quotation reporting requirements and to delete FINRA Rule 6500 Series governing the operation of the OTC Bulletin Board Service.
Please see full newwsletter below for more information.
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Topics: CFTC, Equity Securities, EU, FDIC, FINRA, Margin Requirements, Material Misstatements, OTC, Statute of Repose, TCPA, Vicarious Liability, Virtual Currency
Published In: Civil Procedure Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates
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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