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SEC Alert! SEC Charges Advisory Firm and Executives with Devising an Elaborate Scheme to Defraud Clients out of More Than $75 Million through complex investment structures and a web of affiliate companies and allegedly used the proceeds to pay themselves

FICC GOV Alert! Effective September 02, 2022 Citadel Equity Fund Ltd. and Citadel Quantitative Strategies Master Fund Ltd. will be added as Sponsored Members of the Government Securities Division.

FINRA Alert! Order APPROVING a Proposed Rule Change to Amend FINRA Rule 6730 (Transaction Reporting) to Enhance TRACE Reporting Obligations for U.S. Treasury Securities.

Source SR-FINRA-2022-013 On May 23, 2022, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) and Rule 19b-4 thereunder, a proposed rule change to amend FINRA Rule 6730 (Transaction Reporting)

SEC Alert! Paul Munter (Acting Chief Accountant) Statement - Auditor Independence and Ethical Responsibilities: Critical Points to Consider When Contemplating an Audit Firm Restructuring

Source Introduction – Complex Business Relationships and Audit Firm Restructurings[1] Auditor independence and a culture of professional ethical behavior are critical to an audit firm’s ability to fulfill its gatekeeper responsibilities.[2] Accounting firms must keep these responsibilities in mind in all contexts, including when exploring complex business relationships

SEC & Whistleblower Alert! Statement from Commissioner Mark T. Uyeda who OPPOSES the SEC's amendments about Whistleblower rules aimed to Incentivize Whistleblower Tips.

Source: https://www.sec.gov/news/statement/uyeda-statement-whistleblower-program-082622 Commissioner Mark T. Uyeda: While I support the important work of the staff in the Office of the Whistleblower in their efforts to arrive at an appropriate result in evaluating claims, I am unable to support today’s amendments. The Commission is

Whistleblower Alert! SEC Amends Whistleblower Rules to Incentivize Whistleblower Tips. The first rule change allows the Commission to pay whistleblowers for information and assistance in connection with non-SEC actions.

Whistleblower Alert! SEC Amends Whistleblower Rules to Incentivize Whistleblower Tips. The first rule change allows the Commission to pay whistleblowers for information and assistance in connection with non-SEC actions. The second rule affirms authority to consider amount of award and increase award Source: https://www.sec.gov/news/press-release/2022-151

NSCC Alert! Order Approving of Proposed Rule Change to Enhance Capital Requirements and Make Other Changes

SR-NSCC-2021-016 34-95618 Description of the Proposed Rule Change: NSCC proposes to amend its Rules to (A) increase the capital requirements applicable to its members, 10 (B) revise its credit risk monitoring system, and (C) make certain other clarifying, technical, and supplementary changes to implement changes (A) and (B). As is