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18 News Results

In an annual report, the SEC Division of Examinations identified current risks for investors and registrants and highlighted key areas for examination in 2024.

On May 24, 2023, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank hosted a complimentary virtual seminar on the SEC's proposed rule changes that would require the majority of participants in the U.S. Treasury and Repo Markets to centrally clear secondary market transactions. The webinar is now available to view on demand.

Commentary by Steven Lofchie

The SEC proposed (i) amendments to current requirements on clearing agencies’ risk-based margin systems and (ii) a new rule on the content of clearing agencies' recovery and wind-down plans. On May 24, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank will address the implications of this rulemaking and the SEC's separate proposal on mandatory central clearing.

The Options Clearing Corporation settled parallel SEC and CFTC charges for failing to fully implement its own rule change relating to the calculation of costs in the event of a need to close out the positions of a defaulting clearing member.