The SEC Office of Municipal Securities updated its Registration of Municipal Advisors FAQ webpage by adding: “Completion of Form MA, Form MA-I, and Form MA-NR.”
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SEC Director of the Division of Investment Management William Birdthistle described three trends in the asset management industry that require the SEC's "far-reaching vigilance and prompt concentration."
House Financial Services Committee Ranking Member Maxine Waters (D-CA) called on regulators to complete a “long over due” rulemaking on incentive based compensation following the closure of Silicon Valley Bank and Signature Bank.
SEC Commissioner Caroline A. Crenshaw responded to reports that retail investors may be unable to exercise put options purchased on Silicon Valley Bank and Signature Bank stock.
The FDIC extended the bidding process for Silicon Valley Bridge Bank, N.A. in order to "maximize value and achieve an optimal outcome" following "substantial interest from multiple parties."