Problematic SEC Dealer Rule Vacated
The SEC’s problematic rule has been fully vacated by a Texas district court.
November 22, 2024
Tags: Trading
Takeaways from SEC Compliance Outreach Program
Detailed takeaways from the SEC’s 2024 Compliance Outreach Program for investment advisers and investment companies.
November 11, 2024
Tags: AML, Artificial Intelligence , Cybersecurity, Digital Assets, Fiduciary, Marketing Rule, Private Funds, Trading
The SEC has adopted final rules on what it means to be a “dealer,” significantly narrowed in response to IAA advocacy, but the adopted framework remains extremely problematic.
February 07, 2024
Tags: Trading
SEC Finalizes T+1 Rules, Proposes Massive Custody Rule Changes
The SEC has finalized its rules to shorten the standard settlement cycle for most securities transactions and proposed amendments to the custody rule and related recordkeeping and Form ADV changes.
February 16, 2023
Tags: Custody, Division of Investment Management, Recordkeeping, Securities Settlement Cycle, Trading
FINRA Once Again Postpones Compliance Date for Margin for Covered Agency Transactions
FINRA extends compliance date for Rule 4210, margin requirements for Covered Agency Transactions by six months, to October 25, 2023.
March 10, 2023
SEC proposes sweeping market structure changes, calls for enhanced disclosure, pricing, order routing requirements and new best execution rule for brokers; adopts amendments to safe harbor rule for trading plans for insiders.
December 16, 2022
Tags: Best Execution, Trading
SEC Extends Relief on Fixed Income Disclosure to 2025
Buyside concerns around a 2020 amended rule that would require dealers to receive and review certain public information before they can publish quotes on fixed income securities were temporarily allayed by a welcome November 30, 2022, SEC no-action letter.
December 02, 2022
Tags: Fixed Income, SEC, Trading
Adviser Fined for Unlawful Cross-Trades and Principal Transactions
An adviser was fined for unlawful principal and cross-trades after implementing an automated trade matching program.
December 01, 2022
Tags: SEC Enforcement, Trading
Given the SEC’s increased scrutiny, it’s vital that advisers make appropriate investments to promote proper supervision and mitigate the risk of supervisory failures.
August 25, 2022
Tags: Compliance Policies, IAR, Trading
SEC Charges Adviser for Violating Short Selling Restrictions
SEC fines adviser for violating short selling rule, notes adviser’s self-reporting.
June 20, 2022
Tags: SEC Enforcement, Short Selling, Trading