Here is a link to our Client Alert discussing this SEC proposed rulemaking. Please contact us if you have any questions.
Here is a link to our Client Alert discussing this SEC proposed rulemaking. Please contact us if you have any questions.
Our Client Alert discusses the SEC staff’s recent observations on Form CRS and includes helpful tips and reminders for firms taking a fresh look at their relationship summaries in the new year (plus a handy chart we created that summarizes the SEC staff’s observations).
Elad Roisman will end his term as SEC Commissioner in January 2022, according to a statement he released this week. Roisman has served as Commissioner since September 2018 and also served as Acting Chairman in early 2020. Roisman noted that serving the American people has been the greatest privilege of…
Persons registered with a broker-dealer historically have had two years from their Form U5 filing date to re-register with another firm before their prior qualifications (examinations) would lapse. Our recent Client Alert discusses a FINRA rule change that extends this to five years under certain circumstances.
SEC Commission Elad Roisman recently spoke about cybersecurity threats and challenges facing the agency’s registrants, including public companies and financial institutions. One source of challenges (our words, not Roisman’s) may come from the government itself—the combination of (1) the lack of clarity on requirements and expectations from the SEC in…
The SEC has made a concerted effort in recent years to look more closely at the fixed income markets. But under the new leadership of Chairman Gary Gensler, that spotlight seemed to have dimmed—or so some thought. For example, FIMSAC—the Fixed Income Market Structure Advisory Committee—which the SEC convened in…
The SEC has been increasingly focused on digital engagement practices (DEPs) and gamification in the marketplace. In August, for example, the SEC solicited public comment on broker-dealer and investment adviser DEPs and potential regulatory approaches in this area. In October, SEC staff produced a report on “meme” stock events and…
Read our client alert here.
The onset of fall signals a sad realization that summer has ended, but also the joy that “market structure” season has arrived for securities industry participants and policy wonks. Right on cue, in early October, SEC staff issued a report on equity and option market structure conditions related to the…
The SEC recently solicited public comment on digital engagement practices (DEPs) used by some broker-dealers and investment advisers, including predictive data analytics, differential marketing, and behavioral prompts (such as gamification). The public comment window closes October 1, 2021. Comments letters submitted already are available here—viewpoints run the gamut and are…