In parallel civil and criminal actions, the SEC and DOJ charged a publicly traded healthcare company and its CEO with participating in a fraudulent COVID-19 test kit scheme.
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In a regulatory notice, FINRA reminded firms of their sales practice obligations to "alternative" registered investment companies, which FINRA defined as mutual funds that "seek to achieve their objectives through investments in non-traditional investment or asset classes."
Comments on proposed rule changes to reporting requirements for security-based swap transactions are due by March 21, 2022.
The MSRB requested a second round of comments on revisions to proposed Rule G-46 to codify previously issued guidance on requirements applicable to solicitor municipal advisors. This new comment period will close on March 15, 2022.
The SEC proposed three new rules relating to security-based swaps: (1) an anti-fraud rule, (2) a rule to require reporting of large positions in security-based swaps, and (3) a rule prohibiting personnel of an SBS entity from taking any action to improperly interfere with the SBS entity's CCO in the performance of such persons duties.