A divided SEC voted last week to issue a Proposed Exemptive Order (the Proposal) that would, if adopted, permit natural person “finders” to engage in certain private capital raising a...
In a game-changing development for the future viability of digital asset securities trading, staff of the Division of Trading and Markets of the SEC issued a No-Action Letter to FINRA on ...
Davis Polk partner Zach Zweihorn co-authored “What is a broker-dealer?” a chapter in the second edition of Broker-Dealer Regulation. The chapter discusses the Securities Exchange Act ...
The U.S. prudential regulators have finalized amendments to their non-cleared swap and security-based swap margin regulations. Among other things, the amendments:
permit prudentially r...
The CFTC last week formally withdrew its controversial Proposed Regulation Automated Trading (Proposed Reg AT) and—consistent with Chairman Tarbert’s principles-based approach to regu...
Davis Polk partner Annette Nazareth was the contributing editor for the 2020 edition of Getting the Deal Through: Financial Services Compliance, a compilation of the rules and approaches ...
The Securities and Exchange Commission acted on the first of its proposals to substantially revamp the regulations concerning equity market data by issuing an order directing the national...
The Securities and Exchange Commission (“SEC”) recently proposed to amend its rules relating to the collection, consolidation, and dissemination of securities data in national market ...
The CFTC unanimously approved final interpretive guidance describing what constitutes “actual delivery” of a virtual currency for purposes of the actual delivery exception from the pr...
The CFTC today joined other U.S. financial regulators in providing coronavirus (COVID-19) related relief from certain regulatory requirements. This relief is designed to help CFTC-registe...
