06 Mar, 2024 The 'Effective Spread' of Order Execution Quality Reporting By Wayne Aaron On March 6, 2024, by unanimous vote, the Securities and Exchange Commission (SEC) adopted changes to Rule 605 under Regulation NMS, the...
27 Feb, 2024 Back to the Drawing-Board: The CFTC Re-Proposes Rules to Codify Letter 19-17 By Stephen Morris Just under 10 years ago, the Joint Audit Committee launched a shot across the bow of the futures industry with this seemingly innocuous...
26 Feb, 2024 Ensuring Everything Is Above Board: CFTC Proposes Simplified Rules for SEF and DCM Governance, Independence and Mitigating Conflicts of Interest By Nicholas Gervasi Carl Kennedy Seeking to ensure that designated contract markets (DCMs) and swap execution facilities (SEFs) adequately incorporate an independent...
12 Feb, 2024 Katten Fact Sheet for Certain Firms That Must Become FINRA Members By Susan Light As background, the SEC adopted amendments to Rule 15b9-1 of the Securities Exchange Act of 1934 (SEA Rule 15b9-1) that require a...
07 Feb, 2024 SEC Broadens 'Dealer' Definition By James Brady Susan Light Richard Marshall On February 6, 2024, the Securities and Exchange Commission (SEC) adopted two new rules that expand who may be considered a dealer or a...
18 Jan, 2024 How Resilient Are You? The CFTC Proposes Operational Resiliency Rules for FCMs, Swap Dealers and Major Swap Participants By Carl Kennedy Adopted partially in response to a 2023 cyberattack on a widely-used, third-party service provider to several financial services firms,...
12 Jan, 2024 See Spot Run (Finally): After Over a Decade of Rejections, SEC Approves 11 New Spot Bitcoin ETPs By Dan Davis Gary DeWaal James Brady Sheehan Band Alex Kim +2 more... Show less Eleven spot bitcoin-based exchange-traded products (ETPs) were finally approved by the Securities and Exchange Commission (SEC) on...
04 Jan, 2024 Neither a Borrower Nor a Lender Be! By Susan Light FINRA filed a rule amendment with the SEC on January 2 to propose amending FINRA Rule 3240, Borrowing From or Lending to Customers...
20 Dec, 2023 CFTC Settles Enforcement Action Against Commodity Trading Firm for Alleged Fraud in Connection with Physical Commodity Trading Only – No Derivatives By Gary DeWaal Dan Davis Carl Kennedy Emphasizing its broad authority over fraud solely in connection with commodities – not just fraud in connection with derivatives...
29 Nov, 2023 The FCA Publishes Guidance Consultation on Anti-Greenwashing By Neil Robson Sara Portillo On 28 November 2023, the Financial Conduct Authority (FCA) published its Policy Statement on Sustainability Disclosure Requirements (SDR)...
27 Nov, 2023 Artificial Intelligence and Machine Learning Across the UK, EU and US: Bridging the Regulatory Divide By Neil Robson Ciara McBrien Sara Portillo On 8 November 2023, Neil Robson, a partner in the Financial Markets and Funds practice, moderated a panel discussion on the regulatory...
22 Nov, 2023 FINRA Acts to Update its Advertising Rule By Susan Light The Financial Industry Regulatory Authority filed a proposed rule change with the Securities and Exchange Commission on November 13,...
15 Nov, 2023 UK FCA Publishes Marketing Guidance for Cryptoasset Firms By Neil Robson Christopher Collins Ciara McBrien Sara Portillo +1 more... Show less On 2 November 2023, the Financial Conduct Authority (FCA) published finalised non-handbook guidance on cryptoasset financial promotions...
15 Nov, 2023 UK Government Publishes a Response to its Consultation – Failure or Success? By Neil Robson Christopher Collins Sara Portillo On 30 October 2023, HM Treasury (HMT) published a response to its May 2022 consultation (the Consultation) on its approach to managing...
07 Nov, 2023 Back to the Future: CFTC Proposes to Amend Customer Funds Investment Rule Including to Again Permit Investments in Certain Non-US Sovereign Debt By Carl Kennedy Gary DeWaal Stephen Morris Dan Davis +1 more... Show less The Commodity Futures Trading Commission (CFTC) has proposed to lessen a blanket restriction on the investment of customer funds in all...
19 Oct, 2023 Tread with Caution: New CFTC Enforcement Advisory on Penalties, Monitors and Admissions Portends Increased Compliance Costs for Industry By Carl Kennedy Dan Davis Gary DeWaal Alex Kim +1 more... Show less It is no longer just lions, tigers and bears Dorothy needs to be fearful of, but if she is a potential defendant in a CFTC enforcement...