The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.
SEC Commissioner Hester M. Peirce encouraged regulators to take "bold action" to facilitate capital formation and help small businesses cope with the economic impacts of the COVID-19 pandemic.
The SEC ordered a temporary suspension of trading in the securities of Custom Protection Services, Inc. due to potential inaccuracies regarding the company's asserted development of screening solutions for COVID-19.
The New York Attorney General proposed revisions to registration requirements in order to "streamline and enhance" supervision of the securities industry in New York.
Regulation Best Interest significantly expands the obligations that broker-dealers owe to retail investors. To assist in navigating these new requirements, the Cabinet produced four new Retail Best Interest Topic Pages.
A firm settled FINRA charges for failure to comply with short interest reporting requirements and related supervisory failures concerning certain foreign-listed securities.
A FINRA proposal to delay the implementation date of rule amendments on margin requirements for Covered Agency Transactions was published in the Federal Register.
FINRA proposed extending the implementation date of rule amendments on margin requirements for "to-be-announced" transactions and other forward-settling agency securities transactions.
The SEC filed an emergency action against the owners and operators of a mobile messaging application to discontinue their allegedly illegal securities offering of digital assets known as "Grams."
The Investment Company Institute and the Managed Funds Association responded to an SEC concept release on Securities Act registration exemptions that facilitate capital raising.
The SEC charged a digital asset incubator company and its founder with conducting an illegal securities offering and acting as an unregistered broker-dealer.
The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets examined several proposed bills concerning the current exempt offering framework in private securities markets.
SEC Commissioners Robert J. Jackson Jr. and Allison Herren Lee expressed concern over proposed amendments to reporting regulations that (i) shift the agency's approach towards principles-based disclosure and (ii) fail to address climate risk.
Proposed SEC amendments to revise the description of business, legal proceedings, and risk factor disclosures that registrants are required to make under the Securities Act, were published in the Federal Register.
The SEC proposed rule amendments that would revise the description of business, legal proceedings and risk factor disclosures registrants are required to make under Securities Act regulations.
Regulation Best Interest significantly expands the obligations that broker-dealers owe to retail investors. To assist in navigating these new requirements, the Cabinet produced four new Retail Best Interest Topic Pages.
A broker-dealer settled multiple state charges, coordinated by the North American Securities Administrators Association, for selling unregistered non-exempt securities.
The SEC and CFTC requested comment on a proposal to reduce the margin requirement for an unhedged security futures position and to align the margin offset table for security futures with the reduced margin requirements.
A broker-dealer settled FINRA charges for failing to adequately supervise a registered representative's participation in private securities transactions.
FINRA increased margin requirements for exchange-traded notes and options in order to address the complexity of these products, as well as confirming that exchange-traded notes and options on them are not allowed for portfolio margining.
