In This Issue:
Regulatory Updates -
SEC Allows Limited Use of Social Media for Public Disclosure; Federal Reserve Board Publishes a Final Rule Specifying when Nonbank Firms are “Predominantly Engaged in Financial Activities”; The SEC Speaks; SEC Adviser Exams Uncover Widespread Violation of Custody Rule; Remarks to the Investment Management Institute 2013; SEC Examinations to Focus on Revenue Sharing and Potential Conflicts of Interest; SEC Asks for Data on Benefits of a Potential Uniform Fiduciary Standard for Broker-Dealers; SEC Staff: Internet-Based Platforms for Start-Ups Need Not Register as Broker-Dealers; Funds and Advisers: Ensure You Comply with Conditions in Orders; After-Tax Returns Must Reflect New 3.8 Percent Tax; SEC Approves BlackRock Copper ETF; Upholds Approval of JPMorgan Copper ETF; and SEC Staff Comings and Goings.
Enforcement + Litigation -
SEC Charges Advisers for Misleading Valuation and Performance Information; SEC Charges Private Equity Firm with Improperly Soliciting Investments; FINRA Panel Orders Schwab to Correct Language in Account-Opening Documents; SEC Seeks New Trial in Reserve Primary Case; Pension Funds Sue ETFs for Excessive Securities Lending Fees.
Please see full issue below for more information.
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Topics: Broker-Dealer, Custody Rule, ETFs, Federal Reserve, Final Rules, Investment Management, Nonbank Firms, Pensions, Public Disclosure, SEC, Social Media, Startups
Published In: Business Torts Updates, Communications & Media Updates, Finance & Banking Updates, Labor & Employment Updates, Securities Updates