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April 18, 2022

Gensler called for crypto platforms to be registered and regulated much like exchanges.

April 15, 2022

On April 11, 2022, the Forum submitted a comment letter in response to the SEC's rule proposals regarding cybersecurity risk management programs.

April 15, 2022

On April 11, 2022, the Forum submitted a comment letter in response to the SEC's rule proposals regarding money market fund reforms.

April 14, 2022

In the SEC’s 2023 congressional budget request Chairman Gary Gensler requested $2.149 billion for the agency in support of 5,261 positions and 4,808 full-time equivalents.

April 13, 2022

The hearing focused on topics such as access to market data, anti-money laundering policies, and competition among exchanges, among other issues.

April 12, 2022

The Wall Street Journal reports that the “quota” law was the first of its kind in the U.S. and followed a similar California measure enacted in 2018 that mandated female directors on all boards of the state’s public companies, which is also facing legal challenges.

April 11, 2022

EXAMS will focus on private funds, ESG investing, retail investor protections, information security and operational resiliency, emerging technologies, and crypto assets.

April 8, 2022

The Democratic nominee is Jaime Lizárraga, who currently serves as Senior Advisor to Speaker of the House Nancy Pelosi. The GOP nominee Mark T. Uyeda is a career attorney with the SEC and is currently on detail from the SEC to the U.S. Senate Committee on Banking, Housing, and Urban Affair.

April 7, 2022

Join Deloitte’s Investment Management team for a conversation and demonstration of innovative accelerators and tools to help navigate the extensive compliance requirements within the Valuation rule. The webinar will take place on April 14 from 1-2:30 p.m. ET.

April 6, 2022

For FY 2023, the SEC is seeking to increase its workforce by 400 positions, including 125 positions in the Division of Enforcement and 13 new positions for the Division of Investment Management.

April 5, 2022

On June 12, 2019, the Forum submitted a comment letter in response to the SEC’s rule proposal regarding securities offering reform for closed end investment companies.

April 5, 2022

IM Division Director Birdthistle: “If a substantial portion of costs are being drawn out of investment companies through revenue sharing, soft dollar, and other practices with little visibility and even less familiarity, how reasonable is our expectation that investors should know when to exit?”

April 4, 2022

According to the survey, the median cyber budget for firms with AUM over $20 billion was $100-250,000, whereas the median cyber budget for firms with AUM under $1 billion was $10-25,000.

March 31, 2022

The notice regarding CCO liability follows efforts to address concerns regarding increased enforcement actions holding CCOs personally liable.

March 30, 2022

The order alleged that while the adviser advertised its adherence to Shari’ah compliant investing, the firm failed to adopt and implement written policies and procedures reasonably designed to address its Shari’ah advisory decision-making processes and compliance reviews and oversight.

March 29, 2022

The LIBOR Act is the work of a bipartisan group of legislators including Senator Jon Tester (D-MT), Senator Thom Tillis (R-NC), and Representative Brad Sherman (D-CA) working on language to address “tough legacy” contracts as well as other issues surrounding the transition away from LIBOR.

March 28, 2022

The proposal would require public companies to disclose annually potential risks and risk management processes from climate-related events, how any climate-related risks identified have or are likely to have a material impact on its business, as well as disclosure of any climate-related commitments and plans to achieve those targets.

March 24, 2022

The order also notes the importance of mitigating risk in illicit finance and national security posed by digital asset use, as well as the importance of working with the international community to respond to such risks.

March 23, 2022

Join Dechert partners as they highlight mutual fund industry litigation from 2021 and provide a preview of what to expect in regulatory enforcement in 2022. The webinar will broadcast live from 2 pm - 3 pm (ET).

March 23, 2022

Lee’s departure leaves two open seats for President Biden to fill at the Commission, former Republican Commissioner Elad Roisman stepped down in December.