The Morgan Lewis Year in Review highlights key US Securities and Exchange Commission (the SEC or the Commission) and Financial Industry Regulatory Authority (FINRA) enforcement developments and cases regarding broker-dealers, investment advisers, and investment companies.
THE SEC -
For a time in 2018, the Commission actually was fully staffed, with all five seats filled; but as we go to press in early 2019, with the year-end departure of Commissioner Kara M. Stein, the Commission is down one member, and the President has not yet appointed a nominee for the vacant Democratic seat. That said, Fiscal Year 2018 continued to be a time of significant change on the Commission, with the addition of three new Commissioners.
Please see full Issue below for more information.