FINRA rules require broker-dealer members to establish and maintain a system and written procedures to supervise the activities of their personnel, which are reasonably designed to achiev...

Recognizing the particular interest in the performance of its enforcement division, the Commission issued a press release in December announcing its enforcement results for fiscal 2013; in a ...

Just one day in advance of the December 21, 2013 expiration of the CFTC’s exemptive order delaying the applicability of some CFTC swap regulations for non-U.S. swap dealers and foreign ...

Davis Polk has prepared a set of flowcharts analyzing the prohibition on banking entities sponsoring or acquiring ownership interests in hedge funds and private equity funds under the fin...

In the past month, no rulemaking requirement deadlines passed, 36 rulemaking requirements were finalized and one rule was proposed that would meet a rulemaking requirement. As of January...

Companies are frequently frustrated when the supporting statement of a shareholder proposal contains stale data, irrelevant information or, even worse, false allegations. The SEC staff, h...

The SEC staff recently issued a report, as mandated under the JOBS Act, on its review of the disclosure provisions under Regulation S-K.  Chair White and Commissioner Gallagher had previo...

A preliminary agreement reached between the European Parliament and EU Member States will require audit firms to rotate every 10 years, with extensions for up to 14 additional years if th...

The SEC Staff has denied Apple’s request to exclude a shareholder proposal on the basis that Rule 14a-8 does not permit a “proxy,” in this case, John Chevedden, to submit a proposal...

Davis Polk has prepared a set of flowcharts designed to assist banking entities in identifying permissible and impermissible proprietary trading activities under the final regulations imp...