Broker Dealer Regulation | FINRA Rule Changes | GIPS | Investment Adviser Regulation | Mutual Fund Regulation | Mutual Funds | Private Funds | Regulatory Deadlines | SEC Rule changes

DOL Weighs In With Cybersecurity Guidance, FINRA Issues Reminders on Options and Predispute Arbitration Agreements, NASAA Releases Annual State Advisers Report, Cayman Extends CRS Compliance Form Deadlines: Regulatory Update for June 2021

DOL issues Cybersecurity Guidance.  On April 14, 2021, the U.S. Department of Labor (“DOL”) Employee Benefits Security Administration (“EBSA”) issued cybersecurity guidance directed towards ERISA plan sponsors and ERISA fiduciary…

Broker Dealer Regulation | Conflicts of Interest | ERISA | ESG | FINRA Rule Changes | Investment Adviser Regulation | Private Funds | Regulatory Deadlines | SEC Rule changes

DOL Brings Back Impartial Conduct Standards in FAQs, SEC Weighs in on ESG Investing, and FINRA Makes it Even Harder to Hire Reps with Black Marks: Regulatory Update for May 2021

Bringing Back BICE. The Department of Labor (DOL)  issued some Frequently Asked Questions on its new Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”).  First, the bad news.  The DOL is sticking…

Broker-Dealers | cryptocurrency | cybersecurity | FINRA Rule Changes | Investment Advisers | Mutual Funds | SEC Rule changes

Regulatory Spring Cleaning! SEC Publishes Marketing Rule FAQ and 2021 Examination Priorities, and EXAMS Risk Alert Tackles Bitcoin and Other Digital Assets: Regulatory Update for April 2021

Risk Alert – Division of Examinations’ Continued Focus on Digital Asset Securities. The popularity of Bitcoin and other cryptocurrencies grew exponentially in 2020, while financial regulators struggled to get up…

Broker Dealer Regulation | CFTC | Conflicts of Interest | ERISA | FINRA Rule Changes | Investment Adviser Regulation | Mutual Fund Regulation | Private Funds | Regulatory Deadlines | SEC Rule changes

DOL Fiduciary Rule Rises Again, Regulatory Freeze Continues, March Madness – NCAA Players Scammed: Regulatory Update for March 2021

Not Quite Dead Yet – DOL’s Fiduciary Rule Rises Again! On December 18, 2020, the Department of Labor (DOL) adopted Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”), subjecting 401(k) rollover subject…

Best Execution | Broker Dealer Regulation | CFTC | Conflicts of Interest | FINRA Rule Changes | Form ADV | Investment Adviser Regulation | Mutual Funds | Private Funds | Regulatory Deadlines | SEC Rule changes

ADV Season is Here; Hardin Releases 2021 Compliance Resources for Brokers and RIAs; Don’t Forget Your CPO Annual Affirmations; SEC Creates 5-Year “Sandbox” for BD Custody of Digital Assets: Regulatory Update for February 2021

Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Just in time for Christmas, the SEC issued a Statement conveying its position that, for five years, a broker-dealer operating under…

Advertising and Marketing | Broker Dealer Regulation | ERISA | FINRA Rule Changes | Investment Adviser Regulation | Mutual Fund Regulation | Private Funds | Regulation Best Interest | Regulatory Deadlines | SEC Rule changes

SEC (Finally) Modernizes Advertising and Solicitation Rules; NY Requires IAR Registration; DOL’s New Rule Eliminates ESG from Investment Decisions; SEC to Take Second Crack at Broker-Dealer Reg BI Compliance: Regulatory Update for January 2021

At Long Last – SEC Modernizes the Advertising and Solicitation Rules!  Cramming it in just before the end of 2020, the SEC adopted a new rule to replace the existing…

Broker Dealer Regulation | Chief Compliance Officer | FINRA Rule Changes | Form CRS | Hedge Funds | Investment Adviser Regulation | Mutual Fund Regulation | Private Funds | Regulation Best Interest | Regulatory Deadlines | SEC Rule changes

Form CRS Roundtable Take-aways, Commissioner Peirce Talks Turkey on CCO Liability, New Executive Order Prohibits Investments Related to Chinese Military, OCIE Cites Top Compliance Program Failures and Risks of Branch Offices: Regulatory Update for December 2020

What We Learned from the Regulation BI and Form CRS Roundtable. The recent joint SEC/FINRA Roundtable on Regulation Best Interest (“BI”) and Form CRS provides insight and guidance for firms…

Broker Dealer Regulation | CFTC | Conflicts of Interest | cybersecurity | FINRA Rule Changes | Form CRS | Investment Adviser Regulation | Private Funds | Regulation Best Interest | SEC News

COVID-19 Compliance Risks Continue, SEC Surveying Initial Form CRS Filings, Exempt CPOs: Your Attention is Needed, and Guidance for BDs on Customer Due Diligence: Regulatory Update for September 2020

Select COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers.  Although it may seem like a note from Captain Obvious, SEC’s Office of Compliance Inspections and Examinations (OCIE) sent…

Advertising and Marketing | Broker Dealer Regulation | Conflicts of Interest | cybersecurity | FINRA Rule Changes | Investment Adviser Regulation | Mutual Fund Regulation | Private Funds | Regulatory Deadlines | SEC News | Seniors and Vulnerable Investors

Ransomware Attacks! SEC Creates New Hoops for Advisers with Automated Proxy Voting; and Private Fund Conflicts Still Under the Microscope: Regulatory Update for August 2020

RANSOMWARE ATTACKS! Is Your Firm Ready?  OCIE issued a risk alert warning investment advisers, broker dealers, and investment companies that increasingly sophisticated ransomware attacks are being carried out on many…

Advertising and Marketing | CFTC | FINRA Rule Changes | Investment Adviser Regulation | Mutual Funds | Private Funds | SEC Rule changes

SEC Agrees to Broaden Exemptions to New Issue and Spinning Rules; Comment Now on SEC Advertising and Cash Solicitation Rule Changes; CFTC Simplifies CPO/CTA Registration Exemptions; Actively-Managed ETFs Clear Regulatory Barrier: Regulatory Update for January 2020

SEC Approves Amendments to FINRA New Issue and Anti-Spinning Rules. See also: FINRA Amends Rules Regarding Initial Public Offerings.  Effective January 1, 2020, FINRA Rules 5130 and 5131 have been…