Journal of Investment Compliance: Volume 13 Issue 4

Large trader reporting rule: a temporary reprieve for broker‐dealers and broadening of exemptions for capital markets transactions

Russell D. Sacks, Michael J. Blankenship

The purpose of the paper is to describe the temporary and permanent exemptions issued by the Securities and Exchange Commission (SEC) to the large trader identification…

US$500 and a click: investing the “crowdfunding” way

Stuart H. Gelfond, Anthony D. Foti

The purpose of this paper is to provide a preliminary explanation of “crowdfunding,” as defined in the Jumpstart Our Business Startups (JOBS) Act, subject to more specific rules…

Tough on money laundering … and on the EU: UK authorities chart their course on AML policy

Martin Saunders, Chris Stott

The purpose of this paper is to discuss recent trends in anti‐money laundering enforcement by UK regulatory authorities and the UK's response to recent EU anti‐money laundering…

SEC adopts consolidated audit trail

James Brigagliano, Kevin Campion, David Katz, Andrew Blake

The purpose of this paper is to explain the requirements of SEC Rule 613 under the Securities Exchange Act of 1934, which requires national securities exchanges and FINRA jointly…

Who's in and who's out? CFTC and SEC finalize the swap entity definitions

Anthony R.G. Nolan, Susan I. Gault‐Brown, Lawrence B. Patent

The purpose of this paper is to explain a final rule adopted by the SEC and the CFTC that clarifies Dodd‐Frank Act definitions for the new terms “swap dealer,” “security‐based…

Investment advisers to ERISA plans and plan asset funds will be subject to new disclosure obligations effective July 1, 2012

Ira Bogner, Robert Projansky, Steven Weinstein, Adam Scoll

The purpose of this paper is to explain the US Department of Labor's final regulations under Section 408(b)(2) of ERISA, concerning the fact that information investment advisers…

More unintended consequences of use restrictions in confidentiality agreements

Gordon Caplan, Jeffrey Korn, Robert T. Langdon, Robert B. Stebbins

The purpose of this paper is to highlight the importance of careful review and negotiation of confidentiality agreements in corporate transactions and to discuss certain issues…

Selected FINRA notices and disciplinary actions, June‐August 2012

Henry A. Davis

The purpose of this paper is to provide selected Financial Industry Regulatory Authority (FINRA) Regulatory Notices and Disciplinary Actions issued in June, July, and August 2012.

Editor column

Henry A. Davis