General Counsel
Tw Li

February 22, 2021

Net Positive

FRB Expands "Netting" Protection Eligibility for Financial Institutions

The Federal Reserve Board adopted a final rule that expands the number of financial institutions that fall under the "netting" provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991.

FRB Governor Describes Progress in Developing Climate-Related Risk Framework

Federal Reserve Board Governor Lael Brainard described challenges and solutions for incorporating climate-related risk assessments into supervisory frameworks.

SEC and New York Attorney General Charge Digital Asset Trading Company with Registration Violations

The SEC and the New York Attorney General charged a digital asset trading company and its CEO with executing an unregistered, unexempt securities offering.

SEC Awards $3 Million to Two Whistleblowers

Lex Urban

Commentary by Lex Urban

The SEC awarded a total of almost $3 million to two whistleblowers for providing original information that led to two separate successful enforcement actions.

Broker-Dealer Settles FINRA Charges for Customer Notification and Supervisory Failures

A broker-dealer settled FINRA charges for failing to provide customers with required annual notifications and other information on customers' trades and order routing information.

MSRB Extends Date for Compliance with Primary Offering Disclosure Form

The MSRB extended the date for compliance with amendments to MSRB Form G-32 covering disclosures of primary offerings.

FINRA Reports GASB Accounting Support Fee for 2021

FINRA reported that it will collect a total of $10,707,300 from member firms that report trades to the MSRB. The fee, to be collected in quarterly installments starting in April 2021, funds the Governmental Accounting Standards Board.

Reg. Tracker: February 16 to February 28

Reg. Tracker: February 16 to February 28

The Cabinet Regulatory Tracker is a list of comment deadlines, effective dates and expiration dates.