A U.S. District Court held that compliance communications are not protected by attorney-client privilege or the work-product doctrine, and that the SEC can force an investment advisor to produce documentation of such communications.
SIFMA dismissed New Jersey's proposal to create a state fiduciary standard, calling a federal standard the "optimal approach," as compared to the "uneven patchwork" of state laws.
SEC Commissioner Hester Peirce urged the agency to conduct a more in-depth analysis of the features and risks of exchange-traded funds before enacting regulations.
A former general securities representative settled FINRA charges for failing to notify his company that he created an external cryptocurrency-mining business.
A subsidiary of a Chinese multinational banking company agreed to settle SEC charges of improperly handling "pre-released" American Depositary Receipts.
The SEC staff granted no-action relief to an Indian issuer, allowing it to conduct a partial tender offer in the United States in accordance with the requirements of Indian law.
The SEC staff provided no-action relief to a Canadian company, allowing it to conduct a tender offer in the United States in accordance with the requirements of Canadian law and exemptions granted from those requirements.
