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1 month ago | 
morganlewis.com | Christine Ayako Schleppegrell |Christine Lombardo |Steven Stone |John O'Brien
SEC Staff published new guidance providing private fund managers and other investment advisers with flexibility to use extracted performance and portfolio/investment characteristics in marketing materials, without cumbersome accompanying “net” illustrations.
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Aug 2, 2024 | 
jdsupra.com | Steven Stone |William Yonge
Further to its consultation in spring 2024, the UK Financial Conduct Authority (FCA) has confirmed in Policy Statement PS24/9, “Payment Optionality for Investment Research,” that, with effect from today, 1 August 2024, covered FCA-regulated asset managers will have a “new” option to pay for research alongside those already available, i.e., payment for research from a firm’s own resources and from a research payment account.
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Aug 1, 2024 | 
morganlewis.com | William Yonge |Steven Stone
Further to its consultation in spring 2024, the UK Financial Conduct Authority (FCA) has confirmed in Policy Statement PS24/9, “Payment Optionality for Investment Research,” that, with effect from today, 1 August 2024, covered FCA-regulated asset managers will have a “new” option to pay for research alongside those already available, i.e., payment for research from a firm’s own resources and from a research payment account.
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Aug 1, 2024 | 
lexology.com | William Yonge |Steven Stone
Further to its consultation in spring 2024, the UK Financial Conduct Authority (FCA) has confirmed in Policy Statement PS24/9, “Payment Optionality for Investment Research,” that, with effect from today, 1 August 2024, covered FCA-regulated asset managers will have a “new” option to pay for research alongside those already available, i.e., payment for research from a firm’s own resources and from a research payment account.
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Jul 30, 2024 | 
morganlewis.com | James E. Doench |Steven Stone |Amy Natterson Kroll |Christine Lombardo |John O'Brien |Christine Ayako Schleppegrell | +2 more
In an unusual move, on July 26, 2024, the Securities and Exchange Commission (SEC) stayed an order that was previously issued by its own Division of Trading and Markets just one week earlier on July 19, 2024.
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Jul 30, 2024 | 
lexology.com | James E. Doench |Steven Stone |Amy Natterson Kroll |Christine Lombardo |John O’Brien |Christine Ayako Schleppegrell | +2 more
In an unusual move, on July 26, 2024, the Securities and Exchange Commission (SEC) stayed an order that was previously issued by its own Division of Trading and Markets just one week earlier on July 19, 2024.
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May 31, 2024 | 
jdsupra.com | Steven Stone |William Yonge
Acknowledging that high-quality, easily available investment research supports deep capital markets, listed companies, and economic growth, the UK Financial Conduct Authority (FCA) recently issued a consultation paper proposing to give UK buyside firms an additional option for how to pay for investment research.
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May 31, 2024 | 
morganlewis.com | William Yonge |Steven Stone
Acknowledging that high-quality, easily available investment research supports deep capital markets, listed companies, and economic growth, the UK Financial Conduct Authority (FCA) recently issued a consultation paper proposing to give UK buyside firms an additional option for how to pay for investment research.
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Nov 20, 2023 | 
morganlewis.com | Steven Stone
In commenting on FINRA’s filing a proposed rule change with the US Securities and Exchange Commission (SEC) to allow brokers to use performance projections in their advertising, partner Steven Stone told InvestmentNews that “this is a welcome change to the [FINRA] rule and a sensible one given the changes in the SEC’s marketing rule.”Steve added, “We’re assuming this reflects a fair amount of dialogue with SEC staff.
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Aug 1, 2023 | 
morganlewis.com | James E. Doench |Steven Stone |Ignacio A. Sandoval |John O'Brien
The US Securities and Exchange Commission (SEC) proposed on July 26, 2023 new rules designed to address conflicts of interest from the use of predictive data analytics in “investor interactions” by broker-dealers and investment advisors (the PDA Rules).
