Our Securities Trading and Markets practice attorneys represent market participants in all aspects of registration and regulatory compliance with rules and regulations promulgated under the Securities Exchange Act of 1934.
Publications
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11.12.2020SEC Makes it Easier to Fundraise—Streamlines Exempt Offering RulesUpdatesThe U.S. Securities and Exchange Commission (SEC) recently announced that it adopted final rules to simplify the “patchwork” framework for exempt offerings under the Securities Act of 1933.
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10.08.2020The Harvesting of Data Through AI by Asset Managers and Broker-DealersPodcasts
AI Speaks - Episode 5
In this episode, Dean Harvey to discusses how AI is being used in asset management and by regulated financial services intermediaries. -
08.14.2020SEC and FINRA Provide Guidance Regarding Cybersecurity, Artificial Intelligence, and Digital AssetsUpdatesThe SEC and FINRA announced several regulatory developments this summer relating to cybersecurity, artificial intelligence, and digital assets.
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06.18.2020FINRA Publishes Report Detailing Uses of AI in the Securities IndustryUpdatesOn June 10, 2020, the Financial Industry Regulatory Authority (FINRA) issued a summary report regarding the existing and emerging uses of artificial intelligence (AI) by securities industry market participants.
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06.05.2020FINRA and CFTC Staff Issue COVID-19 Advisories on Commodity-Linked ETPs and FundsUpdatesIn the wake of severe market volatility resulting from the COVID-19 pandemic, self-regulatory organizations and government agencies continue to provide guidance analyzing and interpreting the effects of the pandemic on market participant activities.
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05.21.2020SEC to Amend National Market System Plan Governing Consolidated Audit TrailUpdatesThe U.S. Securities and Exchange Commission (SEC) on May 15, 2020, voted to adopt amendments to the national market system plan governing the consolidated audit trail (the CAT NMS Plan).
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04.29.2020SEC Issues Conditional Exemptive Relief Related to Broker-Dealer CAT Reporting TimelinesUpdatesThe U.S. Securities and Exchange Commission (SEC) announced on April 20, 2020, that it had voted to issue two exemptive orders relating to the implementation of the National Market System Plan Governing the Consolidated Audit Trail (CAT NMS Plan), in part, to address effects of COVID-19 on the securities markets.
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04.24.2020SEC’s Use of Trading Suspensions During the COVID-19 Pandemic and Considerations for Issuers and Broker-DealersUpdatesSince the start of the COVID-19 pandemic in the United States, the U.S. Securities and Exchange Commission (SEC) has increasingly exercised its authority under the Securities Exchange Act of 1934 (the Exchange Act) to suspend the trading in certain securities.
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04.17.2020OCIE Issues Risk Alert on Upcoming Regulation Best Interest ExaminationsUpdatesThe U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a risk alert (the risk alert) on April 7, 2020, regarding examinations that will focus on broker-dealers’ compliance with Regulation Best Interest (Reg BI).
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08.29.2019SEC Issues Guidance and Interpretation Aimed at Proxy VotingUpdatesThe SEC held an open meeting on August 21, 2019, and approved two items: (1) guidance regarding the proxy voting responsibilities of investment advisers under the Investment Advisers Act of 1940 and related proxy voting disclosures required under the Investment Company Act of 1940; and (2) interpretation and guidance on the applicability of rules on proxy voting advice under the Securities Exchange Act of 1934.
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07.17.2019SEC and FINRA Staffs Issue Joint Statement on Broker-Dealer Custody of Digital Asset SecuritiesUpdatesThe staffs of the Division of Trading and Markets of the SEC and FINRA published a joint statement on July 8, 2019, articulating primary regulatory concerns regarding broker-dealers’ ability to comply with financial responsibility rules in the context of digital asset securities.
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04.10.2019SEC’s FinHub Publishes Framework for Digital Assets and SEC’s Division of Corporation Finance Grants First No-Action Relief to Token SponsorUpdatesThe U.S. Securities and Exchange Commission (SEC) Strategic Hub for Innovation and Financial Technology (FinHub) published a framework on April 3, 2019, for analyzing whether a digital asset is offered and sold as a security under the federal securities laws.
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12.19.2018The SEC and Digital Assets—A Busy Year EndUpdatesThe end of the year has been a very busy time for the SEC in the digital asset space. From speeches to the issuance of joint statements to enforcement actions, there are many things to highlight, discuss and consider.