Mon, Oct 12, 2020
Quarterly U.S. Regulatory Roundup – Third Quarter 2020
In the latest edition of the U.S. Regulatory Roundup, Duff & Phelps' Compliance and Regulatory Consulting practice outlines updates, enforcement and judicial actions from the SEC, FINRA and NFA and regulatory news in relation to COVID-19 in the third quarter of 2020.
Executive Summary
Oct 12, 2020
U.S. Securities and Exchange Commission Update – Third Quarter 2020
Oct 12, 2020
Financial Industry Regulatory Authority Update – Third Quarter 2020
Oct 12, 2020
National Futures Association – Third Quarter 2020
Oct 12, 2020
Enforcement Matters – Third Quarter 2020
Oct 12, 2020
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COVID-19 Resources
- Duff & Phelps COVID-19 Resource Center
- FINRA COVID-19 Task Force
- SEC COVID-19 Frequently Asked Questions
For a detailed synopsis of the recent news and publications issued by the Financial Conduct Authority (FCA), read our June 2020 Regulatory Focus.
U.S. Securities and Exchange Commission (SEC) Update – Third Quarter 2020
- SEC Adopts Amendments to Exemptive Applications Procedures
- SEC Proposes Amendments to Update Form 13F for Institutional Investment Managers; Amend Reporting Threshold to Reflect Today’s Equities Markets
- Risk Alert: Cybersecurity – Ransomware
- SEC Adopts Rule Amendments to Provide Investors Using Proxy Voting Advice More Transparent, Accurate and Complete Information
- SEC & FDIC Adopt Final Rule on the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act
- SEC Enforcement Division and the Department of Justice Publish a Second Edition “Resource Guide to the U.S. Foreign Corrupt Practices Act”
- SEC Announces Creation of the Event and Emerging Risk Examination Team in the Office of Compliance Inspections and Examinations and the Appointment of Adam D. Storch as Associate Director
- Risk Alert: Select COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers
- SEC Proposes New Rule Under Regulation S-T
- SEC Modernizes the Accredited Investor Definition
- SEC Adopts Rule Amendments to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K
- Risk Alert: Cybersecurity: Safeguarding Client Accounts against Credential Compromise
Financial Industry Regulatory Authority (FINRA) Update – Third Quarter 2020
- FINRA Provides Guidance on Retail Communications Concerning Private Placement Offerings
- FINRA Announces Updates to the Interpretations of FINRA’s Margin Rule Regarding Control and Restricted Securities and Consolidation of Accounts
- FINRA Amends Arbitration Codes to Apply Minimum Fees to Requests for Expungement of Customer Dispute Information
- FINRA Encourages Firms to Notify FINRA if They Engage in Activities Related to Digital Assets
- Proposed Rule Change to Further Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-015
- FINRA Introduces Mandatory Multi-Factor Authentication (MFA) to Access Various FINRA Applications
- FINRA Alerts Firms to Use of Fake FINRA Domain Name
- Fraudsters Using Registered Representatives Names to Establish Imposter Websites
National Futures Association (NFA) Update – Third Quarter 2020
- CFTC Encourages Standardized Approaches to Assessing Cybersecurity Preparedness, Including the FSSCC Cybersecurity Profile
- NFA Proposed Amendments to NFA Interpretive Notice 9053 (Forex Transactions)
Enforcement Matters – Third Quarter 2020
- Final Regulations for the California Consumer Privacy Act
- SEC Charges New Jersey Man and His Private Company with Fraud
- SEC Charges Pharmaceutical Company with FCPA Violations
- CFTC Charges Florida Man for Attempting to Fraudulently Profit From COVID-19
- SEC Charges Lobbyist with Defrauding Investors
- SEC Charges Former IT Manager of a Biotech Company with Insider Trading
- SEC Charges Affiliated Investment Advisers for Material Misstatements Concerning Payments Received
- SEC Charges Private Equity Firm with Misallocation of Costs and Expenses
- SEC Charges Broker-Dealer for Failure to Implement Written Supervisory Procedures
- SEC Charges Former Principal of Investment Adviser with Data Manipulation and Valuation Fraud
- SEC Obtains Final Judgment Against Former Investment Banker for Insider Trading
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