SEC Director of Investment Management William Birdthistle cautioned broker-dealers that receive cash payments for research from European asset managers that they may be required to register as investment advisers when the SEC's MiFID II no-action letter expires in July 2023.
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SEC Commissioner Caroline A. Crenshaw and SEC Director of the Office of Investor Education and Advocacy Lori J. Schock warned investors of the risks associated with single-stock exchange traded funds.
The SEC disapproved rule changes proposed by NYSE Arca, Inc. that would allow the listing and trading of shares of Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust. The SEC concluded that the Exchange had not met its burden in creating a way to prevent manipulation of the underlying asset.
SEC amendments to require certain financial documents to be filed electronically through the EDGAR and Investment Adviser Registration Depository systems will become effective on August 29, 2022.
Comments are due by August 16, 2022 for an SEC proposal to enhance disclosure requirements on ESG investment practices. The SEC proposal was published in the Federal Register.