FINRA has requested comments on a proposed rule to simplify and ease members’ duties related to outside activities of associated persons. The rule would merge existing Rules 3270 and 3280, and cover fewer outside activities and transactions. However, the proposed rule keeps the status quo for outside investment adviser (“IA”) activity at an unaffiliated
On March 14, 2025, the Securities and Exchange Commission (SEC) extended the compliance dates for the amendments to Rule 35d-1 (the Names Rule) under the Investment Company Act of 1940 (1940 Act). The Names Rule requires that a registered investment company invest at least 80% of the value of the fund’s net assets, plus the
The United States Securities and Exchange Commission – divided along political lines– sent to the trash heap a 15-year-old policy allowing its Director of Enforcement to approve new investigations as well as the issuance of subpoenas. See Delegation of Authority to Director of the Division of Enforcement, 17 CFR Part 200; Release Nos. 33-11366; 34-102552;
A complimentary webinar presented by ETF BILD ProjectThursday, March 6, 202511:00 a.m. – Noon ETETF BILD is honored to have Nandini Sukumar, CEO, World Federation of Exchanges and Kirsten Wegner, CEO, Index Industry Association join us to discuss key global trends shaping investment and trading. You’ll hear insights on emerging opportunities, market resilience
While the Philadelphia Eagles’ decisive 40-22 win over the Kansas City Chiefs in Super Bowl LIX is still grabbing headlines, the biggest winner of this year’s Big Game wasn’t a team — it was the National Football League (NFL) itself. Thanks to the recent adoption of a game-changing private equity rule, the NFL is set
From our SmartTrade Group at Thompson Hine!
President Trump issued the America First Investment Policy Memorandum on February 21, 2025 https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy/ proclaiming that the United States “is committed to maintaining the strong, open investment environment that benefits our economy and our people, while enhancing our ability to protect the United States from new and evolving
The administration announced Thursday that it replaced the unit responsible for many of the SEC’s crypto registration suits with a new fraud-focused unit that will take a broader review of “cyber and emerging technologies.”
The Cyber and Emerging Technologies Unit will prioritize fraud cases that leverage novel tech including crypto, artificial intelligence, machine learning and
This week, the White House issued an executive order limiting the autonomy of independent agencies, including the SEC, by requiring them to submit draft regulations for presidential review. The stated purpose of the Ensuring Accountability for All Agencies executive order is to ensure Presidential supervision and control of the entire executive branch.
Below is a
On February 13, 2025, Rep. Andrew Clyde (R-Ga.) introduced a resolution in the U.S. House of Representatives aimed at repealing a recent regulation from the U.S. Securities and Exchange Commission (SEC). This rule mandates that mutual funds disclose portfolio details on a monthly basis, instead of the previous quarterly disclosures, marking a significant shift in
The new Trump administration combined with a Republican-controlled House and Senate could usher in the most significant regulatory changes to the ETF industry since 1990. That year, the Republican-led U.S. Securities and Exchange Commission (SEC) granted exemptive relief that gave birth to the ETF, one of the most consequential and innovative financial products in history.
