Regulation
Industry Consensus Begins to Emerge on SEC Market Proposals
Execution disclosure and tick-size changes are good; Reg BE and mandatory auctions are criticized.
Tag: SEC
Regulation
Gensler Defends SEC Proposals at House Oversight Hearing
SEC Chairman Gary Gensler spoke about the importance of SEC regulation on climate disclosure, swing pricing and artificial intelligence.
News
DOJ Comments On SEC Market Structure Proposals
The DOJ urged the SEC to consider all interactions with its four proposals when they are taken together, a concern shared by many in the financial industry.
Regulation
Representative Andy Barr Looks to Increase RIA Registration Exemption Amount
Proposed legislation would tie the amount of assets that require an adviser to register with the SEC, currently $150 million, to inflation for the first time.
Newsmakers
Founder, Former CIO of Infinity Q Sentenced to 15 Years
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
Regulation
SEC’s ESG and Climate Task Force Levies First Enforcement Action
Brazilian mining firm Vale SA fined $56 million for fraud that led to fatal 2019 dam collapse.
Regulation
Recent SEC Proposals to Come Under Scrutiny of Financial Services Committee
The full House Committee on Financial Services has scheduled an oversight hearing for the SEC next week, when climate disclosure will likely be a high priority.
Regulation
Recent Investment Company Act Exemption Could Lay Groundwork for More
SEC defines parameters for one tech company to invest in ‘capital preservation instruments’ without having to register as an investment company.
Regulation
Congress, SEC Move Forward With Electronic Disclosure
Congress has proposed allowing electronic disclosure to investors for SEC registrants, and the SEC is looking to require it for disclosures to the SEC itself.
Regulation
SEC Market Structure Proposals: Last Week for Public Comments
Interested parties have until the end of March to submit comments on the four SEC market structure proposals.
Regulation
SEC Reopens Comment Period on Cybersecurity Rule
If approved, the rule would require certain actors to notify the SEC of a significant cyber event within 48 hours.
Regulation
SEC Proposes Updates to Cyber and Data Security Rules
One new rule from the SEC would update Reg SCI; the other would update Reg S-P, both to require more timely reporting of data breaches.
Regulation
Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS
Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.
Newsmakers
Bloomberg Settles SEC Charges of Misleading Pricing Disclosures
Firm pays $5 million fine related to its BVAL service’s fixed-income pricing.
Regulation
SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal
If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.