A broker-dealer settled FINRA charges for failing to develop and implement a sufficient supervisory system over sales of non-traditional exchange traded products.
In an op-ed in The Wall Street Journal, CFTC Chair Heath Tarbert and European Commission Executive Vice President Valdis Dombrovskis described recent action on regulation and supervision of DCOs.
FTC-proposed rule changes clarifying that Parts 642 and 698 under the Fair Credit Reporting Act apply only to motor vehicle dealers was published in the Federal Register.
Technical corrections to an OCC, Federal Reserve Board and FDIC standardized approach to calculating the exposure amount of derivative contracts under the "regulatory capital rule'" were published in the Federal Register.
The CFTC adopted amendments to regulations governing (i) real-time public swap reporting and dissemination, (ii) swap data recordkeeping and reporting, and (iii) swap data verification policies and procedures.
FINRA proposed a rule change that would require firms to use the same timestamp granularity for trade reports to FINRA's Equity Trade Facilities that are used in submissions to the consolidated audit trail.
FinCEN solicited comment on potential amendments to the rules under the Bank Secrecy Act that would specify the elements of "an effective and reasonably designed" AML program.
The Division of Clearing and Risk and the Division of Swap Dealer and Intermediary Oversight provided relief and guidance concerning the treatment of separate accounts of a single beneficial owner by futures commission merchants.
The SEC adopted rule amendments that impose additional conditions on the ability of a broker-dealer to publish a quotation for securities that are not listed on a national securities exchange.
The CFTC took several actions including (i) adopting final amendments to swap data reporting requirements, (ii) adopting a rule permitting alternative compliance for certain non-U.S. derivatives clearing organizations, and (iii) approving a supplemental notice on proposed amendments to regulations governing bankruptcy proceedings of commodity brokers.
An SEC-proposed amendment to the rules on electronic submissions of the Electronic Data Gathering, Analysis, and Retrieval System was published in the Federal Register.
The Office of Compliance Inspections and Examinations alerted firms to the increased prevalence of "credential stuffing," a cyberattack method that involves the use of automated scripts to attempt to log into customer accounts using stolen personal information.
In this episode of the Law Wise podcast, Cadwalader partner Kyle DeYoung is joined by Michael Maloney, President of Credibility International and the former Chief Accountant of the Division of Enforcement for the U.S. Securities and Exchange Commission, to discuss what’s happening on the SEC enforcement front as it relates to accounting and financial disclosures.
The CFTC Division of Market Oversight granted no-action relief to a swap execution facility from the requirement to reinstate its registration following a "dormant" period.
NFA extended relief from certain recordkeeping requirements to futures commission merchants / introducing brokers, swap dealers and forex dealer members.
The SEC reported on the capital-raising framework recommendations made by participants of the 39th Annual Small Business Forum and the SEC's response to them.
The CFTC staff extended previously issued COVID-19-related relief through January 15, 2021 for registrants and members of swap execution facilities and designated contract markets.
The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to a futures commission merchant seeking to to add back to its net worth the amount of deferred tax liabilities "directly related" to intangible assets recognized for GAAP purposes as a result of a non-taxable business combination.
Assistant Attorney General Makan Delrahim described the DOJ Antitrust Division's "New Madison" approach towards the licensing of Standards Essential Patents.
An SEC final rule amending the application process for funds seeking exemptive relief under the Investment Company Act of 1940 was published in the Federal Register.
A CFTC final rule establishing minimum capital, liquidity, financial reporting and other related requirements applicable to CFTC-registered swap dealers and major swap participants was published in the Federal Register.
