Securities and Exchange Commission (SEC), Self-Regulatory Organizations, Securities Exchange Act

Diversity in Boardrooms: Why Nasdaq Companies Still Need to Be Mindful Despite Recently Invalidated Rule

Jackson Lewis P.C. on 12/23/2024

In a 9-8 en banc decision, the U.S. Court of Appeals for the Fifth Circuit overturned a three-judge panel decision and invalidated the Nasdaq Board Diversity Rule, Rule 506, that had been approved by the Securities and...more

SEC to expand “dealer” definition after adoption of two rules

Orrick, Herrington & Sutcliffe LLP on 2/19/2024

On February 6, the SEC announced its adoption of rules expanding application of the Securities Exchange Act of 1934 (the Exchange Act) to require market participants that “take on significant liquidity-providing roles” to...more

Against All Odds Alpine Wins Important Injunction Against FINRA

Carlton Fields on 10/11/2023

On July 5, 2023, the D.C. Circuit Court of Appeals issued an injunction that raises a challenge to FINRA’s authority to use FINRA-appointed hearing officers to conduct enforcement proceedings. The injunction enables Alpine...more

Two New Bitcoin ETF Proposals Pending as Cryptocurrency Markets Mature

Proskauer - Blockchain and the Law on 4/1/2019

Two recent proposals for bitcoin exchange-traded funds (“ETFs”) are vying to become the first to receive approval from the U.S. Securities and Exchange Commission (“SEC”) – one filed by CBOE BZX Exchange, Inc. (“CBOE”) and...more

Pay-to-Play – SEC Expands Scope of Rule to CABs

Proskauer - The Capital Commitment on 10/13/2017

The SEC’s pay-to-play rule has given advisers reason to worry about potential foot faults since its adoption. As we have noted in prior posts, the rule is filled with landmines and is therefore difficult to navigate. As was...more

Amendments to SEC Rules Regarding Broker Dealer Financial Responsibility and Reporting Requirements

Katten Muchin Rosenman LLP on 8/13/2013

The Securities and Exchange Commission adopted amendments to the financial responsibility requirements for broker dealers under the Securities Exchange Act of 1934 (Exchange Act) designed to safeguard customer securities and...more