Henderson & Lyman

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Supervision of outside activities

July 18 2013 FINRA withdrew its controversial plan to require brokerages to supervise the outside business ac-tivities of their employees where such activities…

SEC issues final rules under the JOBS Act

July 11 2013 Yesterday the SEC adopted two final rules amending Regulation D and implementing the JOBS Act. The final rules will become effective 60 days after…

CFTC clarifies definition of “executing firm” and sponsoring FCM responsibilities

July 18 2013 On April 29, 2013, the CFTC's Division of Clear-ing and Risk published an interpretative letter concerning the applicability of the term "executing…

Treasury delays FATCA until July 2014

July 18 2013 The Treasury Department has delayed the with-holding and account due diligence requirements of the Foreign Account Tax Compliance Act ("FATCA") until…

CFTC’s final rules for trading swaps on facilities

July 18 2013 The CFTC recently finalized three rules under the Dodd-Frank Act concerning the trading of swaps on organized facilities: SEF Core Principles and…

Rule 506 amendments: general solicitation and advertising

August 23 2013 Effective September 23, 2013, issuers will be able to use print, display and electronic media to promote non-registered securities offerings for the…

CFTC adopts harmonizing rules for commodity pool operators of registered investment companies and other rules

August 19 2013 On August 13th, the CFTC adopted final rules concerning certain compliance obligations for commodity pool operators ("CPOs") of investment companies…

Private fund managers’ failure to register as broker-dealers

July 18 2013 The SEC Chief Counsel of Division of Trading and Markets, David Blass, has commented on the failure of certain private fund managers to regis-ter as…

CFTC clarifies definition of “executing firm” and sponsoring FCM responsibilities

July 18 2013 On April 29, 2013, the CFTC's Division of Clear-ing and Risk published an interpretative letter concerning the applicability of the term "executing…

Treasury delays FATCA until July 2014

July 18 2013 The Treasury Department has delayed the with-holding and account due diligence requirements of the Foreign Account Tax Compliance Act ("FATCA") until…