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SEC: Rulemaking

The disruptions resulting from COVID-19 mentioned above could hamper the efforts of municipal advisors to timely meet filing deadlines for annual updates to Form MA
We are adopting temporary final rules for Form ID filers and for issuers subject to reporting obligations pursuant to Regulation Crowdfunding and Regulation A
A revised form would require the disclosure of the compensation paid to investment advisers
IAs and B-Ds would have to have “sufficient information to evaluate an Offeree’s financial circumstances and sophistication
Industry comments signal an organized campaign to deluge the SEC and steer the regulator away from going through with proscribed compliance due diligence steps
The changes bring the act in line with the RBIC Advisers Relief Act of 2018
We are proposing to modernize and simplify the Securities Act integration framework for registered and exempt offerings
Testimonials “will lead to a race to the bottom - once the market is opened to these types of endorsements, investor confusion will increase dramatically"
SEC Chairman Jay Clayton has told advocates that he is open to shortening the seven-day delay written into a proposed proxy advisor rule (RCW, Nov. ...
Certain fund practices can heighten leverage-related risks, such as the risk of potentially significant losses and increased fund volatility
The proposal would expand the list of entities that may qualify as accredited investors
We are also proposing to clarify that an investment company or an investment adviser or sponsor is under an audit, the auditor and the audit ...
IM Director reviews year, looks ahead
The proposal would keep the current financial tests for establishing who is an accredited investor but also would add new categories
These rules cover reconciling outstanding security-based swaps with applicable counterparties on a periodic basis
The Commission is adopting a recordkeeping program for SBSDs and MSBSPs
“There’ll be a lot more ads to approve” if the proposal is finalized
SEC proposes changing the advertising rule for the first time in decades
Proxy Voting
The proposed amendments would codify the Commission’s interpretation that proxy voting advice generally constitutes a solicitation
"Modernizing old rules is one of the Division’s major themes. We are pursuing this on a number of fronts"
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