Seminar November 13, 2023
9:00 a.m. – 12:45 p.m. ET
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Financial services firms’ corporate compliance programs continue to be under intense regulatory scrutiny and face immense challenges brought upon by the FinTech revolution. Many of the financial service regulators have been looking at these developments with a keen interest. The regulatory landscape
On October 16, 2023, the Division of Examinations (the “Division”) of the U.S. Securities and Exchange Commission announced its examination priorities for 2024. While the Division typically announces its examination priorities near the start of the calendar year, this is the first time that the Division has published its examination priorities this early, to align
On August 23, 2023, the U.S. Securities and Exchange Commission (“SEC”) adopted amendments (the “Amendments”) to Rule 15b9-1 under the Securities Exchange Act of 1934 that generally eliminate the exemption from the requirement to become a member of a national securities association – effectively, the Financial Industry Regulatory Authority, Inc. (“FINRA”) – for SEC-registered broker-dealers
In this MB Microtalk video, Mayer Brown’s Ryan Castillo discusses the SEC’s recent amendments to Regulation M, which remove references to credit ratings from Regulation M, replace them with alternative measures of credit worthiness, and impose related recordkeeping requirements on broker-dealers.
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August 7, 2023 Webinar
3:00 p.m. – 4:00 p.m. EDT
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The Financial Industry Regulatory Authority, Inc. (“FINRA”) recently issued Regulatory Notice 23-08 which provides supplemental and updated guidance for FINRA members conducting private placements of securities. The notice reminds FINRA members of their obligations in light of changes in the legal and
On June 22, 2023, the Investor Advisory Committee (“IAC”) of the US Securities and Exchange Commission (“SEC” or “Commission”) held a panel discussion regarding current challenges and potential improvements to the use of digital engagement practices (“DEPs”) by broker-dealers and investment firms. The discussion was mostly focused on the DEPs used by digital trading platforms
On June 7, 2023, the US Securities and Exchange Commission (the “SEC”) unanimously adopted final rules amending Regulation M (the “Final Rules”) to remove its references to credit ratings, replace them with alternative measures of creditworthiness and impose related record-keeping obligations on broker-dealers. The SEC had previously proposed amendments to Regulation M (the “Proposed Rules”)
During this morning’s open meeting of the US Securities and Exchange Commission (“SEC”), the Commissioners unanimously voted to adopt amendments to remove references to credit ratings from Regulation M, and replace these with alternative standards of creditworthiness. The existing exceptions in Rules 101 and 102 of Regulation M for certain investment grade rated securities will
The U.S. Congress recently enacted a conditional exemption (the “Exemption”) from registration under Section 15(b) of the Securities Exchange Act of 1934 for qualifying brokers
In this MB Microtalk video, Mayer Brown partner Tim Nagy discusses the SEC’s risk alert (the “2023 Risk Alert”). The 2023 Risk Alert raises awareness regarding the most frequently cited deficiencies and weaknesses observed in broker-dealer examinations to assess compliance with Regulation Best Interest.
Read the legal update here.
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