Our recent client alert discusses the SEC complaint against three individuals alleging insider trading of digital assets via a scheme to trade ahead of multiple announcements regarding crypto assets being made available on a United States-based digital asset exchange at
FinReg + Policy Watch
FinReg + Policy Watch, published by Goodwin Procter, focuses on regulatory developments and policy issues affecting financial markets and institutions. The blog covers topics such as SEC rulemakings and examinations, compliance with financial regulations including security-based swaps and identity theft protections, market structure proposals, and regulatory notices from FINRA. It provides updates and analysis on enforcement priorities, regulatory alerts, and best practices for firms operating in investment funds, broker-dealer, and advisory sectors. The content is aimed at helping financial services professionals understand and navigate evolving regulatory frameworks and compliance obligations.
Latest from FinReg + Policy Watch - Page 4
SEC Publishes Spring Rulemaking Agenda: Torrid Pace Continues; Crypto Framework Noticeably Absent
By Nick Losurdo
Our recent client alert discusses the SEC’s “Reg Flex” agenda for rulemaking, which provides a glimpse into how the agency will prioritize its resources over the coming six months from a policy and rulemaking standpoint.
The post SEC Publishes Spring…
SEC Brings First Ever Reg. BI Litigation Against Broker-Dealer and its Personnel
By Nick Losurdo
Our recent client alert discusses the complaint the SEC recently filed, which marks the first charges the agency has brought under Regulation Best Interest, the SEC’s landmark ruling from 2019.
SEC Gets 2 New Commissioners; Agency to Advance its Aggressive (and Provocative) Rulemaking Agenda
On June 16, 2022, the U.S. Senate confirmed Jaime Lizárraga and Mark Uyeda as SEC Commissioners. Once seated, the agency will have a full slate of five commissioners for the first time in six months, following the departure of Commissioner…
Cybersecurity Remains a Key Focus Area for the SEC and FINRA
Cybersecurity and technology governance remain a top area of focus for the SEC and FINRA, as the regulators continue to concentrate on improving the overall cybersecurity posture and resiliency of the financial sector. FINRA covered this in its 2022 Report…
SEC Proposes ESG Disclosure Rules for Investment Advisers and Investment Companies
By Nick Losurdo
Our recent client alert discusses the package of new rules the SEC recently proposed to address and enhance investor disclosure practices, and related policies and procedures, regarding ESG investment considerations and objectives by investment advisers to registered investment companies and private…
FINRA 2022 Exam Report Spotlight: Communications with the Public
It came as no surprise that FINRA’s 2022 Examination and Risk Monitoring Program Report highlighted communications with the public as a continued area of focus. The primary theme across this focus area relates to the sufficiency of internal processes, procedures,…
SEC Extends Comment Periods for Recent Rulemakings. Applaud the Move or Criticize the Need To Take Action At All?
On May 9, 2022, the SEC extended the comment periods for proposed rulemaking on climate-related disclosures and reopened the comment period for proposed rulemaking relating to private funds and what it means to be an “exchange” under Exchange Act Rule…
SEC and FINRA Spotlight Net Capital Requirements and Financial Management Practices
The SEC recently published its 2022 Examination Priorities Letter on the heels of FINRA issuing its 2022 Examination and Risk Monitoring Program Report. One of many areas of common focus is financial management, and more specifically, net capital requirements…
SEC Staff Provides Guidance on Broker-Dealer and Investment Adviser Standards of Conduct for Account and Rollover Recommendations to Retail Investors
By Nick Losurdo
Our recent client alert discusses an SEC staff bulletin reiterating the standards of conduct applicable to broker-dealers and investment advisers when making account recommendations to retail investors. Broker-dealers are subject to Reg. BI. Investment advisers are subject to the fiduciary…