An investment adviser settled charges with the SEC for violating whistleblower protection rules by restricting employees from communicating potential securities law violations to the SEC.
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New SEC Division of Enforcement Director Gurbir Grewal urged firms to focus on "proactive compliance" to ensure that they are continually tailoring their compliance strategies to evolving technologies and regulations.
In remarks at the National Society of Compliance Professionals, SEC Commissioner Hester Peirce encouraged clarification on the potential liability faced by compliance officers in the execution of their responsibilities.
In an open meeting, the CFTC approved three final rules: (i) one concerning position limits for derivatives, (ii) one extending the Phase VI compliance date of the margin requirements for uncleared swaps for swap dealers and major swap participants, and (iii) one exempting certain foreign intermediaries from the requirement to register as CPOs.
NFA proposed several amendments to rules governing the Business Conduct Committee disciplinary process.