On July 19, the Financial Crimes Enforcement Network (FinCEN), a bureau within the US Department of the Treasury responsible for the Bank Secrecy Act
The SEC and CFTC recently issued joint Identity Theft Red Flags Rules (the "Rules"), which are rules and guidelines requiring certain financial
As reported previously in our Legal News: Investment Management Update newsletters, there have been several proposals to enhance regulation of registered investment advisers.
On February 28, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued proposed rules and guidelines intended to help protect investors from identity theft by ensuring that certain SEC- and CFTC-regulated entities create programs to detect and respond to identity theft red flags.
On October 11, the Financial Stability Oversight Council (the Council) released a second notice of proposed rulemaking and proposed interpretive guidance for determining whether a nonbank financial company would be subject to the Board of Governors of the Federal Reserve System’s (the Board of Governors’) enhanced supervision and regulation.
As things currently stand, on July 16, when the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) becomes effective, Securities and Exchange Commission (SEC) registered broker-dealers (BDs) will no longer be able to enter into many types of foreign currency transactions for their retail customers.
The SEC adopted final say-on-pay rules.
On December 20, 2010, the Securities and Exchange Commission (SEC) issued a 231-page package of proposed rules and forms defining who must register as a "municipal advisor" under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Signed into law by President Obama on July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act, or the Act) is the most sweeping change to financial regulation in the United States since the Great Depression.
On August 30, the Commodity Futures Trading Commission (CFTC) announced the issuance of its longanticipated final rules for off-exchange foreign currency transactions (forex) with retail customers.