Quarterly U.S. Regulatory Roundup – First Quarter 2020
/-/media/assets/images/publications/compliance-and-regulatory-consulting/us-regulatory-q1-2020-banner.jpg

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. .

COVID-19 Resources

 

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 

Articles

Contact Us

Other Areas We Can Help

Global Advice and Consulting

U.S. Regulation

Comprehensive support for asset managers registering in the U.S.

U.S. Regulation
CARES Act for both taxpayers and REIT's updates

Broker-Dealer Services

Broker-dealer registration, ongoing support services, and mock exams.

Broker-Dealer Services
Countermeasures in Vietnam: Deferral for Tax and Land Rent Payments

CFTC/NFA Services

Comprehensive CFTC registration and ongoing support.

CFTC/NFA Services

Insights

CEO Challenge

Today's CEOs face unprecedented challenges and new growth opportunities. Click here for our guidance.

CEO Challenge
Compliance

Regulatory Focus – September 2020

Compliance