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SEC Alert! Proposed Rules Safeguarding Assets: Our staff has also observed a general reduction in the level of protections offered by custodians, often resulting in advisory clients with the least amount of bargaining power (i.e., retail investors)...

'Our staff has also observed a general reduction in the level of protections offered by custodians, often resulting in advisory clients with the least amount of bargaining power (i.e., retail investors) receiving the most limited protections.' Source: https://public-inspection.federalregister.gov/2023-03681.pdf 380 pages Background Rule

Consumer Credit Alert! In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of 1.2 percent

Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of 1.2 percent. https://www.

FINRA Alert! OPEN FOR COMMENT: proposed rule change to require members to (i) publish order routing reports for orders in OTC Equity Securities, and (ii) submit their order routing reports for both OTC Equity Securities and NMS Securities to FINRA

Source: https://public-inspection.federalregister.gov/2023-04786.pdf Background: On November 16, 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 (“Exchange Act”)1 and Rule 19b-4 thereunder,2 a proposed

CFTC Alert! The March 8 Meeting of the Market Risk Advisory Committee (MRAC) is OPEN for public comment in connection with the meeting.

Items to be addressed at the meeting: technology-oriented risks affecting the derivatives and related financial markets, central counterparty risk and governance. Source: https://www.cftc.gov/PressRoom/PressReleases/8671-23 Public Comments Members of the public may submit comments in connection with the meeting, identified by “Market Risk Advisory Committee,” by

SEC Alert! In filing with Federal Register, SEC is adopting rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (“T+2”) to one business day after the trade date (“T+1”).

Source: https://public-inspection.federalregister.gov/2023-03566.pdf (277 pages to review) SUPPLEMENTARY INFORMATION: First, the Commission is amending paragraph (a) of 17 CFR 240.15c6-1 (“Rule 15c6-1”) under the Securities Exchange Act of 1934 (“Exchange Act”) to This document is scheduled to be published in the Federal Register on 03/

SEC Alert! Special filing with Federal Register: SEC submits notice for another CLOSED door meeting via Sunshine Act for 2:00 p.m. on Thursday, March 9, 2023.

Commodity Futures Trading Commission (CFTC) Alert! CFTC announces that longtime federal prosecutor Ian McGinley will serve as the agency’s Director of Enforcement.

At SDNY, Mr. McGinley led criminal prosecutions for market manipulation, insider trading, cryptocurrency fraud, bank fraud, & cybercrime Source: https://www.cftc.gov/PressRoom/PressReleases/8667-23 Commodity Futures Trading Commission Chairman Rostin Behnam today announced that longtime federal prosecutor Ian McGinley will serve as the agency’s Director of Enforcement.