General Counsel
Tw Li

September 15, 2021

More and Then Some

SEC Chair Gary Gensler Testifies on Regulatory Priorities

Steven Lofchie

Commentary by Steven Lofchie

In testimony before the U.S. Senate Banking Committee, SEC Chair Gary Gensler weighed in on market structure, predictive data analytics, issuers and issuer disclosure, and funds and investment management.

"I think that [crypto] technology has been and can continue to be a catalyst for change, but technologies don't last long if they stay outside of the regulatory framework."

SEC Chair Gary Gensler

One-Two Punch: FTC Does About-Face on Treatment of Debt for HSR Purposes and Casts Doubt on Informal Interpretation Program

SIFMA and SIFMA AMG Urge 18-Month Implementation for TBA Margin Proposal

SIFMA and SIFMA Asset Management Group urged an 18-month period to implement margin requirements for "covered agency transactions" under FINRA rules.

Three Media Companies Settle SEC Charges for Unregistered Stock and Digital Assets Offerings

Three media companies settled SEC charges for conducting unregistered stock and digital asset securities offerings.

New York Supreme Court Shuts Down Digital Asset Trading Company

The Supreme Court of the State of New York issued a "Default Judgment for Permanent Injunction" against a digital asset trading company for trading cryptocurrencies without registering as a broker-dealer, and for failing to disclose to investors certain fees associated with the cryptocurrency trading.

Broker-Dealer Settles NYSE and NYSE Arca Charges for Failing to Maintain Continuous Quotations

A broker-dealer settled NYSE and NYSE Arca charges for failing to maintain continuous, two-sided trading interest when acting as a Supplemental Liquidity Market Maker and Designated Market Maker.

FINRA Proposes Extension of Remote Inspection Relief

FINRA proposed extending through calendar year 2022, temporary relief allowing for remote inspections.

ISDA Provides Reporting Guidance on 2021 Interest Rate Definitions

ISDA published guidance on how implementation of the 2021 Interest Rate Definitions may impact regulatory transaction reporting.

Also Covered

Reg. Tracker: September 16 to September 30

Reg. Tracker: September 16 to September 30

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