Here is a link to our Client Alert discussing this SEC proposed rulemaking. Please contact us if you have any questions.
The post SEC Proposes Alternative to “WORM” Books and Records Retention for Broker-Dealers and Security-Based Swap Entities appeared first
Latest from FinReg + Policy Watch
SEC Staff Provides Form CRS Observations, Expectations, and Best Practices
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
SEC Commissioner Roisman to Depart in January
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
SEC Proposes New Round of Money Market Fund Reforms
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
FINRA Extends the Registration Qualification Window from Two to Five Years After Termination
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
SEC to Propose Cybersecurity Risk Governance Disclosures—Commissioner Roisman Shares His Views
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
Is the SEC Still Considering Fixes to the Bond Markets?
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
SEC’s Gensler Shines Additional Light on Agency’s Focus
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 Division of Examinations Publishes Observations from its Registered Investment Company Initiatives
Read our client alert here.
The post SEC Division of Examinations Publishes Observations from its Registered Investment Company Initiatives appeared first on FinReg + Policy Watch.
SEC Staff Issues Report on “Meme” Stock Events and Market Structure Considerations
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