Here is a link to our client alert discussing the SEC proposed rulemaking in this area.
Here is a link to our client alert discussing the SEC proposed rulemaking in this area.
Here is a link to our client alert addressing the SEC’s proposed change to the “exchange” definition, including introduction of the new term “communication protocol system.” There were zero references to crypto, blockchain, DeFi, or distributed ledger technology in the 654-page proposal. Nevertheless, the proposal makes clear that it applies…
On January 26, 2022, SEC Chairman Gary Gensler issued a brief statement noting the agency’s efforts to address the market volatility in January 2021 and beyond. The statement referenced the SEC staff report on volatility and market structure conditions and a request for comment related to digital engagement practices or…
Our recent client alert discusses the SEC’s recent securities lending proposal, which, if adopted, would create a new reporting and disclosure framework for the securities lending market. Rule 10c-1 would require any person who loans a security on behalf of itself or another person to report to FINRA certain material…
On January 10, 2022, tZERO’s ATS settled a matter with the SEC in which it agreed to an $800,000 fine. Given the size of the penalty and substantial attention on the SEC’s approach to regulating digital asset securities, readers may have thought that this would present a blockbuster set of…
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…
On December 15, the SEC voted to propose reforms that would significantly affect the regulatory framework governing money market funds (MMFs). According to the SEC, the proposed reforms are designed to improve the resiliency of MMFs by reducing the risk of shareholder “runs,” especially during times of liquidity stress. The SEC indicated…
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…