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Nov 13, 2024 | 
datamatters.sidley.com | W. Hardy Callcott |Stephen Cohen |Chuck Daly |Ranah Esmaili
In its 2024 fiscal year, the U.S. Securities and Exchange Commission brought over 130 enforcement actions against investment advisers and their representatives. This Sidley Update highlights the key areas of focus and notable actions and litigation from the past fiscal year. Please click here to view the full Sidley Update. This post is as of the posting date stated above. Sidley Austin LLP assumes no duty to update this post or post about any subsequent developments having a bearing on this post.
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Oct 8, 2024 | 
lexology.com | Michael D. Wolk |Charles Sommers |W. Hardy Callcott |Michael J. Ogershok |Thomas Archer
On September 20, 2024, the SEC approved proposed rule changes submitted by FINRA and the MSRB to require reporting of trades in most fixed-income securities and municipal securities to FINRA’s TRACE or the MSRB’s RTRS “as soon as practicable” but no later than one minute from the time the trade was executed, subject to certain exceptions for manual trades and firms with limited trading activity.
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Jul 9, 2024 | 
lexology.com | W. Hardy Callcott |Stephen Cohen |Ranah Esmaili |John I. Sakhleh |Charles Sommers |Daniel P. Atchue
On May 23, 2024, Gurbir S.
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Jun 5, 2024 | 
datamatters.sidley.com | Andrew Blake |Colleen Brown |W. Hardy Callcott |Stephen Cohen
On May 16, 2024, the U.S. Securities and Exchange Commission (SEC) adopted amendments to its Regulation S-P. These final amendments impose significant cybersecurity requirements for several SEC-registered entities and transfer agents registered with another appropriate regulatory agency, including with respect to these entities’ policies and procedures, incident response and notification procedures, and cybersecurity risk management. Read the full update here.
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Jun 4, 2024 | 
lexology.com | Andrew Blake |Colleen Brown |W. Hardy Callcott |Stephen Cohen |David Lashway |Charles Sommers | +2 more
To view this article you need a PDF viewer such as Adobe Reader. If you can't read this PDF, you can view its text here. Go back to the PDF. USAJune 4 2024On May 16, 2024, the U.S. Securities and Exchange Commission (SEC) adopted amendments to its Regulation S-P.
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Apr 24, 2024 | 
lexology.com | W. Hardy Callcott |Chuck Daly |Elizabeth Shea Fries |Victoria A. Anglin |Joanne Saint Louis
On April 18, 2024, the U.S. Securities and Exchange Commission (SEC) Division of Examinations (EXAMS) issued a Risk Alert summarizing the staff’s preliminary observations from examinations involving the compliance by registered investment advisers with Rule 206(4)-1 of the Investment Advisers Act of 1940, as amended (the Marketing Rule).
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Feb 12, 2024 | 
lexology.com | Charles Sommers |Andrew Blake |W. Hardy Callcott |Kevin J. Campion |David Katz |Patrick M. Mellon | +2 more
On February 6, 2024, in a 3–2 vote along party lines, the U.S. Securities and Exchange Commission (SEC) adopted rules that further define what constitutes “dealer” or “government securities dealer” activity for purposes of the Securities Exchange Act of 1934 (Exchange Act).1 The adopted rules generally require any person that engages in a regular pattern of buying and selling securities (or government securities) that has the effect of providing liquidity to other market participants to have...
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Feb 7, 2024 | 
datamatters.sidley.com | W. Hardy Callcott |Kate L. Lashley
The staff of the Commodity Futures Trading Commission (CFTC) is seeking public comment (the Request for Comment) on the risks and benefits associated with use of artificial intelligence (AI) in the commodity derivatives markets.
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Feb 7, 2024 | 
lexology.com | W. Hardy Callcott |Nathan Howell |Kate L. Lashley
The staff of the Commodity Futures Trading Commission (CFTC) is seeking public comment (the Request for Comment) on the risks and benefits associated with use of artificial intelligence (AI) in the commodity derivatives markets.
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Jan 30, 2024 | 
lexblog.com | Michael Heinz |Joshua Duclos |Sonia Gupta Barros |W. Hardy Callcott
On January 24, 2024, the U.S. Securities and Exchange Commission (SEC) adopted final rules relating to special purpose acquisition companies (SPACs) and de-SPAC transactions. While the final rules substantially track the rules originally proposed in March 2022, the SEC elected not to adopt two provisions that had received significant attention and changed market behavior.
