SEC Commissioner Daniel M. Gallagher published an updated chart that depicts all of the rules that are applicable to a U.S. financial services holding company in the wake of Dodd-Frank's enactment. The chart can be found on the SEC website. The chart was updated to reflect the FINRA rules and amendments that have been implemented since July 2010. Originally, the chart was published along with a transcription of a March 2, 2015 speech by Commissioner Gallagher. Accordingly, the chart was intended to "help the public fully grasp the breadth of recent rulemaking." Lofchie Comment: In case you

FINRA's proposal to extend the implementation of FINRA Rule 4240 ("Margin Requirements for Credit Default Swaps") was published in the Federal Register. The rule change extends the implementation of Rule 4240 until July 18, 2016. Rule 4240 implements an interim pilot program with respect to margin requirements for certain transactions in credit default swaps that are security-based swaps. The proposal is effective immediately, but comments may be submitted until June 25, 2015. See: 80 FR 31931. Related news: FINRA Proposes to Further Extend Implementation of Rule 4240 Involving Margin

The European Commission ("EC") adopted an implementing act that extends the transitional period for capital requirements for EU banking groups' exposures to central counterparties ("CCPs") under the Capital Requirements Regulation. According to EU Commissioner Jonathan Hill, the decision to adopt the act "will give the market the legal certainty it needs for the next six months," while the EC continues to attempt to solve the "underlying issues." The current transitional period expires on June 15, 2015. The implementing act extends it for an additional six months, at the end of which the

The SEC held a meeting of its Advisory Committee on Small and Emerging Companies ("Advisory Committee"). The meeting concerned public company disclosure effectiveness, intrastate crowdfunding, venture exchanges and the treatment of "finders." The Advisory Committee also approved its written recommendation to the SEC regarding the "Section 4(a)(1½) exemption," which is sometimes used by shareholders to resell privately issued securities. Click here for a meeting summary prepared by Delta Strategy Group. See: Meeting Agenda; Chair White's Opening Remarks. Related news: SEC Announces Agenda for

The SEC Office of Investor Education and Advocacy issued an investor alert to warn investors about fraudsters who may misrepresent their backgrounds and experience to lure investors into investment schemes. The SEC explained that in order to attract investors and gain trust, fraudsters may boast and exaggerate about credentials they do not have. Specifically, the SEC noted that they might fabricate, exaggerate, or hide facts about their backgrounds to portray themselves as successful professionals and make investors believe that their offers are legitimate. The SEC recommended investors verify