Category: Legal and Regulatory Updates
SEC Grants No-Action Relief for NY Trust Company to Use Blockchain to Settle Equity Trades
The SEC’s Division of Trading and Markets has granted no-action relief to a New York trust company to act as a clearing agency in connection with its operation of a...
November 25, 2019
Tags: No-Action Letter, New York
SEC Extends MiFID II Research Unbundling No-Action Relief from 2020 to 2023
On November 4, 2019, staff in the SEC’s Division of Investment Management extended for three years the no-action letter issued to SIFMA that permits broker-dealers to receive payments in hard dollars,...
November 25, 2019
Tags: No-Action Letter, MiFID II
SEC Names New Associate Director in OCIE’s Investment Adviser/Investment Company Examination Program
Natasha Vij Greiner has been named to a newly-created position in OCIE of Associate Director in OCIE’s investment adviser and investment company examination program. She oversees the work of lawyers,...
November 25, 2019
Tags: OCIE
SEC Fines Adviser for Failing to Comply with Trade Aggregation Policies
The SEC censured and fined a Chicago-based investment adviser $50,000 for failing to comply with its written trade aggregation policies and procedures. The adviser’s practice was to engage in aggregate...
November 25, 2019
Tags: SEC Enforcement, Trading
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