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
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 7
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
By Nick Losurdo
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
By Nick Losurdo
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…
SEC Seeks Input on BD and RIA Digital Engagement Practices
The SEC recently solicited public comment on digital engagement practices (DEPs) used by some broker-dealers and investment advisers, including predictive data analytics, differential marketing, and behavioral prompts (such as gamification). The public comment window closes October 1, 2021. Comments letters…
SEC Charges 27 Firms with Form CRS Failures
Word to the wise: when a regulator kindly reminds you on multiple occasions that you need to comply with its rules, you should probably heed those warnings. On July 26, 2021, the SEC announced settlements with 21 investment advisers and…