The SEC adopted a final rule establishing that certain communications involving security-based swaps will not be considered as "offers" under the Securities Act.
News & Insights
The CFTC Division of Swap Dealer and Intermediary Oversight published interpretative guidance to clarify commodity trading advisor registration requirements in light of the MiFID II research compensation provisions.
FINRA published this comment request on a revised proposal addressing debt research conflicts of interest, which includes some fairly substantial amendments to FINRA's previously proposed rule as to research on debt securities as originally set forth in FINRA Reg. Notice 11-11 . Among the changes made by new rule proposal to original rule proposals are: an exemption from the rule would be provided for research distributed to a very limited tier of institutional investors; an exemption would be provided as to firms that engaged in limited principal debt trading activity; the definition of "debt