Journal of Investment Compliance: Volume 17 Issue 1

FINRA regulation: new fixed-income research rule, modifications to equity research rule, and FAQ on conflicts of interest in offering process

Russell D. Sacks, Steven R. Blau, Taro Nishide

To address practical issues broker-dealers may face in reviewing and revising their policies and procedures in response to FINRA’s new fixed-income research rule, modifications to…

SEC approves long-anticipated FINRA research rules

Amy Natterson Kroll, John Ayanian

To analyze the changes to the FINRA equity research rules and evaluate concerns that may be important to and have an impact on equity research activities following the effective…

FINRA publishes guidance on research conflict of interest rules

Timothy Burke, Jason Pinney

To explain recent guidance released by the Financial Industry Regulatory Authority (FINRA) regarding research analyst conflicts of interest that arise during the underwriter…

SEC proposes sweeping changes to the use of derivatives and financial commitment transactions by registered funds and BDCs

Ryan P. Brizek, P. Georgia Bullitt, Rose F. DiMartino, Margery K. Neale, P. Jay Spinola

To describe and analyze a proposed rule recently issued by the US Securities and Exchange Commission (“SEC”) that would overhaul the use of derivatives and financial commitment…

SEC proposes sweeping new liquidity risk management rules for mutual funds and ETFs

Michael Rosella, Bill Belitsky, Alexandra Marghella

To discuss a September 22, 2015 Securities and Exchange Commission (“SEC”) proposal for a set of broad and sweeping rules mandating that open-end mutual funds and exchange-traded…

“Best interest” of whom?

Jeffery E. Schaff, Michele L. Schaff

Explains the US Department of Labor’s newly proposed “Conflicts of Interest” rule and provides a critical analysis of its impact should it be adopted as proposed.

Cybersecurity as a global concern in need of global solutions: an overview of financial regulatory developments in 2015

V. Gerard Comizio, Behnam Dayanim, Laura Bain

To provide financial institutions an overview of the developments in cybersecurity regulation of financial institutions during 2015 by the United States, the United Kingdom, and…

Cybersecurity enforcement actions: is the SEC bringing strict liability cases?

Brian Rubin, Amy Xu

To analyze how the US Securities and Exchange Commission (SEC) has sanctioned broker-dealers (BDs) and registered investment advisers (RIAs) when cybersecurity breaches have…

SEC adopts “crowdfunding” rules for start-up businesses: an easy way to bet on the next Google?

Stuart Gelfond, Burcin Eren

To summarize the technical guidelines for complying with the final crowdfunding rules issued by the US Securities and Exchange Commission (“SEC”) after more than three years of…

SEC adopts rule to implement Dodd-Frank CEO pay ratio disclosure requirement

Richard J. Parrino

This article examines the rule issued by the Securities and Exchange Commission in August 2015 that requires most SEC-reporting companies to disclose annually the ratio of the…

SEC enforcement actions getting up close and personal

Matthew E. Kaplan, Alan H. Paley, Jonathan R. Tuttle

To alert public company management and directors to several recent SEC enforcement actions involving executives and other senior personnel arising out of securities law violations.