Clik here to view.
CFTC to Host Public Meeting on High-Frequency Trading
On June 3, the CFTC will host a meeting at its headquarters in Washington, DC from 10 am – 5 pm. A panel at the meeting will focus on high-frequency trading from a derivatives market perspective....
View ArticleClik here to view.
SSgA Adopts Director Tenure Policy for Investee Companies
State Street Global Advisors (“SSgA”) recently adopted a director tenure policy for investee companies, citing the importance of refreshing the skill sets represented on boards and succession...
View ArticleClik here to view.
Forum Webinar: Top 10 Questions Fund Directors Should Be Asking About Cyber...
On June 5 from 2 – 3:00 pm Eastern, the Forum will offer a webinar titled Top 10 Questions Fund Directors Should be Asking about Cyber Security. David Sturms and Bruce Rosenblum, shareholders in...
View ArticleClik here to view.
Director of the SEC’s Division of Enforcement Highlights Compliance Issues
Director of the SEC’s Division of Enforcement, Andrew Ceresney, recently gave a speech outlining the Enforcement Division’s accomplishments over the past year as well as what lies ahead for the...
View ArticleClik here to view.
SEC Chair Mary Jo White Outlines Plan to Enhance Market Structure
In a recent speech, SEC Chair Mary Jo White outlined her plans to bring market regulation in line with today’s methods of trading. As part of the initiative, Chair White recommended that the...
View ArticleClik here to view.
SEC and Liquidnet Settle Charges Regarding Confidentiality Breaches
On June 6, the SEC and Liquidnet agreed to settle charges that Liquidnet used confidential client information when marketing its services. Liquidnet agreed to cease and desist from committing or...
View ArticleClik here to view.
Forum Webinar: What Directors Need to Know about the Evolving ETF Landscape
On June 12 from 2 – 3:00 pm Eastern, the Forum will offer a webinar titled What Directors Need to Know about the Evolving ETF Landscape. Michael Mundt, a partner at Stradley Ronon, will provide an...
View ArticleClik here to view.
CFTC Swears in New Chairman
Last week, Timothy Massad was sworn in as chairman of the CFTC. Prior to joining the CFTC, he oversaw the Troubled Asset Relief Program while serving as the Assistant Secretary for Financial...
View ArticleClik here to view.
SEC Chair Mary Jo White Outlines Three Key Pressure Points in Enforcement
In a recent speech at the NYC Bar Association’s Third Annual White Collar Crime Institute, SEC Chair Mary Jo White outlined three key pressure points in the current enforcement environment. She...
View ArticleClik here to view.
Age of Asset Management
The Chief Economist of the Bank of England, Andrew Haldane, recently gave an address entitled “The age of asset management?” which explored the relationship of the asset management industry and...
View ArticleClik here to view.
Senate Committee Discusses Payments for Order Flow
On June 17, 2014, the Senate Permanent Subcommittee on Investigations, chaired by Senator Carl Levin (D-MI) held a hearing entitled “Conflicts of Interest, Investor Loss of Confidence and High Speed...
View ArticleClik here to view.
PwC Regulatory Brief Provides Insights into Liquid Alts Funds
A recent regulatory brief from PwC focused on liquid alternative funds, specifically focusing on the SEC’s upcoming sweep examination and how fund firms offering these products can prepare for the...
View ArticleClik here to view.
Cyber Security; Questions For Boards
A June newsletter from Weil, Gotshal & Manges LLP focusses on the responsibilities of directors to oversee their company’s cyber risk program, provides suggested questions directors can ask about...
View ArticleClik here to view.
Court of Appeals Rules on SEC Settlement Ability
A recent decision by the 2nd Circuit Court of Appeals has concluded that the SEC’s decision to settle an enforcement action is entitled to “significant deference.” In this case, which arose from an...
View ArticleClik here to view.
SEC Warns Investors About Marijuana-Related Investments
After suspending trading of five different companies within the marijuana industry during the past two months in order to investigate the accuracy of assertions concerning their assets, revenues,...
View ArticleClik here to view.
House Passes Bill Curbing CFTC Authority Over Mutual Funds
The House of Representatives has passed a bill containing an amendment that would exempt investment companies registered with the SEC from duplicative registration with the CFTC. If adopted by the...
View ArticleClik here to view.
The Financial Industry in a Post-crisis World Symposium
On July 10 The Clearing House and the Center for Financial Policy at the Robert H. Smith School of Business will host a conference on how the financial industry continues to be impacted by the...
View ArticleClik here to view.
Proxy Advisory Firms and Corporate Governance Practices
In a post on the Harvard Law School Forum on Corporate Governance and Financial Regulation blog, lawyer Bill Libit of Chapman and Cutler LLP outlines several areas where corporations may believe that...
View ArticleClik here to view.
The Board’s Role in Cybersecurity
SEC Commissioner Aguilar recently gave a speech addressing a board’s role in ensuring that management is appropriately addressing a company’s cyber-risks. Commissioner Aguilar stated that effective...
View ArticleClik here to view.
Congressman Hensarling Critical of the FSOC’s Lack of Transparency
In his opening statement at the House Financial Services Committee’s hearing “The Annual Report of the Financial Stability Oversight Council,” Chairman Jeb Hensarling (R-TX) criticized the Council’s...
View Article