Our recent client alert discusses recent FINRA rule changes to provide broker-dealers with additional resources to prevent elder financial fraud.
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 6
SEC Proposes Radical Changes to Private Fund Regulation
By Nick Losurdo
Our recent client alert addresses recent SEC proposed rulemaking that would radically change private fund regulation.
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SEC Focus on Cybersecurity Begins to Take Shape
By Nick Losurdo
Our recent client alert addresses the SEC’s campaign to overhaul the agency’s expectations around cybersecurity and cyber incident reporting for the financial services industry and corporate America generally.
The post SEC Focus on Cybersecurity Begins to Take Shape appeared…
FINRA Publishes 2022 Examination and Risk Monitoring Report
On February 9, 2022, FINRA published its 2022 Report on its Examination and Risk Monitoring Program, identifying key areas of focus for broker-dealer exams this year. While each exam is unique to the firm under FINRA’s microscope, the Report…
SEC Proposes Broad Expansion of Regulation ATS, Regulation SCI, and Exchange Definition
Here is a link to our client alert discussing the SEC proposed rulemaking in this area.
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SEC Proposes Rules that Could Regulate DeFi, Extend to Aspects of Centralized Crypto Exchanges
By Nick Losurdo
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…
SEC Eyeing Rulemaking to Combat Market Volatility, Modernize Market Structure
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…
SEC Proposes Securities Lending Transaction Reporting Requirements
By Nick Losurdo
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…
SEC Proposes Alternative to “WORM” Books and Records Retention for Broker-Dealers and Security-Based Swap Entities
By Nick Losurdo
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…
SEC Staff Provides Form CRS Observations, Expectations, and Best Practices
By Nick Losurdo
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…