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Securities Transactions

Thompson Coburn LLP

Think an NFT is not a security? Don’t bet on it. Three lessons from the Texas and Alabama cease and desist order of Sand Vegas...

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Recently, the Texas State Securities Board and the Alabama Securities Commission each issued emergency cease and desist orders to stop Sand Vegas Casino Club and its principals from selling Non-Fungible Tokens (“NFTs”) in...more

Foreside

A One-of-a-Kind “Industry Standard” – Venture Capital Firm Called Out for Misleading Fee Information, Share Class Selection...

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LESSONS LEARNED - Reminder to Private Fund Advisors – Deliver Your Audited Financials Timely or Face Custody Rule Violations. The SEC recently settled with a private equity firm for ultimately failing to distribute annual...more

Herskovits PLLC

FINRA Rule 3280: What Does It Mean To “participate” In A Private Securities Transaction?

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Most financial industry professionals are familiar with the prohibition on “selling away,” the somewhat ambiguous term contemplated by FINRA Rule 3280.  FINRA Rule 3280 states that, “[n]o person associated with a member shall...more

Goodwin

Delaware Chancery Court Dismisses Cigna Derivative Suit Over Failed Anthem Merger

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Delaware Chancery Court Dismisses Cigna Derivative Suit Over Failed Anthem Merger; The PCAOB Sanctions Former KPMG Vice Chair Of Audit For Failure To Supervise Senior Members Of KPMG's Audit Practice; Ninth Circuit Affirms...more

Mayer Brown Free Writings + Perspectives

SEC Rule Proposal Seeks to Clarify “Dealer” Definition for Persons Engaging in Liquidity-Providing Activities

Proposed Rules Could Require Dealer Registration by Certain Principal Trading Firms, Private Funds, Investment Advisers and Other Market Participants - On March 28, 2022, the U.S. Securities and Exchange Commission (“SEC”)...more

Goodwin

President Biden Signs Executive Order Banning New Investments in Russia

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In This Issue. President Biden issued an executive order banning new investments in Russia in response to Russia’s continued war against Ukraine; the Federal Deposit Insurance Corporation (FDIC) issued a notification to all...more

Farrell Fritz, P.C.

Passive Aggressive: Unpacking Elon Musk’s Beneficial Ownership Filings Regarding Twitter, Inc.

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Elon Musk’s contentious relationship with the Securities and Exchange Commission is likely to become even more complicated as a result of Mr. Musk’s filings with the Commission to report his recent purchases of shares in...more

Mayer Brown Free Writings + Perspectives

SEC Proposes to Remove Credit Ratings References from Regulation M

On March 23, 2022, the US Securities and Exchange Commission (the “SEC”) proposed amendments to remove references to credit ratings from Regulation M, replace them with alternative measures of creditworthiness and impose...more

Goodwin

Ding, Dong! The Dealer/Trader Distinction is Dead. HFTs and DEX AMMs Should Take Notice

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The SEC recently proposed rules that would greatly expand the Exchange Act definition of “dealer” and essentially kill the existing dealer/trader distinction long-recognized by the SEC. The likely outcome is that most...more

Goodwin

SEC Proposes Rules to Include Certain Significant Market Participants as “Dealers” or “Government Securities Dealers”

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In This Issue. The U.S. Securities and Exchange Commission (SEC) proposed rules to include certain significant market participants as “dealers” or “government securities dealers” to essentially eliminate the trader exclusion...more

Jones Day

SDNY Issues Two Rulings in Closely Watched Enforcement Action Against Ripple Labs

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The SEC's Enforcement Action Against Ripple - In December 2020, the SEC commenced an enforcement action against Ripple and two of its senior executives alleging that the defendants violated Section 5 of the Securities Act...more

Jones Day

SDNY Issues Two Rulings in Closely Watched Enforcement Action Against Ripple Labs

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The SEC's Enforcement Action Against Ripple - In December 2020, the SEC commenced an enforcement action against Ripple and two of its senior executives alleging that the defendants violated Section 5 of the Securities Act of...more

Foreside

Blizzard of SEC Proposals: Cybersecurity and Private Funds in the Crosshairs, FINRA Rule Offers New Tools to Broker-Dealers...

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For Investment Advisors + Broker-Dealers - Sweeping Ukraine/Russia Related Sanctions in the U.S. and Abroad. The U.S. announced and continues to update its sanctions against Russia in relation to the conflict in the...more

Goodwin

District Court Denies Payday Lender's Bid To Dismiss SEC Enforcement Action

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District Court Denies Payday Lender's Bid To Dismiss SEC Enforcement Action; Delaware Chancery Court Dismisses Camping World Insider Trading Derivative Suit; California Federal Judge Certifies Class Of Apple Common-Stock...more

Dentons

Ukrainian Government introduces moratorium on performance of obligations to Russia and its residents

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On March 3, 2022, the Cabinet of Ministers of Ukraine issued Resolution No. 187, which introduces a moratorium on the performance of obligations to Russia and its residents....more

Stikeman Elliott LLP

Burden Reduction for Registrants Effective June 2022: Outside Activities Clarified and Registration Requirements Simplified

Stikeman Elliott LLP on

Final amendments to National Instrument 33-109 Registration Information (NI 33-109) and related instruments (the Final Amendments) clarify outside activity reporting requirements, among other things. The Ontario Securities...more

Foreside

Market Makers – What You Should Know

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Market makers are broker-dealer firms that provide pricing for ETFs and liquidity in the secondary market. The leading market maker will maintain a bid-ask spread and accept orders from other brokerages for purchases and...more

Mayer Brown Free Writings + Perspectives

What’s the Deal? – Regulation S

Here’s the deal: Regulation S provides an exclusion from the Section 5 registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), for offerings made outside the United States by both U.S....more

Dechert LLP

SEC Proposes T+1 Settlement Cycle and Related Changes

Dechert LLP on

The Securities and Exchange Commission on February 9, 2022 proposed to: shorten the standard settlement cycle for most broker-dealer securities transactions from two business days following the trade date (T+2) to one...more

Dentons

UK Prospectus Regime Review Outcome: replacement of the UK Prospectus Regulation

Dentons on

The objective to increase the competitiveness of the UK public markets has been led by regulatory and statutory change. Inasmuch as thresholds for listing, and the framework within listing regimes, are based on FCA rules, the...more

Dentons

Financial markets – latest regulatory news

Dentons on

NBU measures  - On March 2, 2022 the Board of the National Bank of Ukraine (the NBU) issued Resolution No. 30, which amends Resolution No. 18 “On Operation of the Banking System under Martial Law.”...more

Mayer Brown Free Writings + Perspectives

SEC Proposal Significantly Impacts Private Fund Advisers and Investors

On February 9, 2022, the US Securities and Exchange Commission (the “SEC”) voted to propose a suite of new rules and amendments (the “Proposal”) under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). If...more

Goodwin

FINRA to Permit Temporary Transaction Holds and Longer Disbursement Holds to Prevent Financial Exploitation of Elders and Other...

Goodwin on

FINRA Rules 2165 (Financial Exploitation of Specified Adults) and parts of 4512 (Customer Account Information) became effective on February 5, 2018 and implemented a framework to permit broker-dealers to place a temporary...more

Goodwin

2021 Year in Review: Securities Litigation Against Life Sciences Companies

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Summary of 2021 Trends, Themes, and Takeaways - We are proud to present our sixth annual Securities Litigation Year in Review publication, in which we analyze data for securities class actions filed nationally against...more

Foreside

SEC Proposes RIA Books and Records Amendment as Part of Trade Date Amendment

Foreside on

Tucked away in the Securities and Exchange Commission’s (“SEC”) new Rule 15c6-2 proposal on February 9th, regarding the shortening of the standard settlement cycle for most securities transactions from two business days (T+2)...more

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JD Supra Privacy Policy

Updated: Dec 28, 2021:

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Links to Other Websites

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Information for EU and Swiss Residents

JD Supra's principal place of business is in the United States. By subscribing to our website, you expressly consent to your information being processed in the United States.

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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California Privacy Rights

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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Changes in Our Privacy Policy

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Contacting JD Supra

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

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