Tue, Aug 20, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The SEC maintains its focus on main street investors, eyes cryptocurrency and digital assets

Tuesday, July 30, 2019

Bailey McCann, Opalesque New York:

Gibson Dunn has released its mid-year securities enforcement report. The report covers significant developments in securities regulation to date.

So far, broad trends indicate that the SEC is continuing to focus on individual investor protections. The SEC's 2020 budget proposal includes the possibility of bringing on up to six new positions that will focus on retail investor protection. This comes alongside the passage of so-called 'regulation best interest' which aims to ensure that investment managers are acting in the best interest of their clients.

The report notes that the Commission is moving ahead with its Retail Strategy Task Force, a group formed in 2017, that uses data-driven processes to identify industry practices that could be harmful to retail investors. Cryptocurrency and digital asset transactions that involve individual investors are also likely to be under increased scrutiny as long as the SEC keeps its focus on main street.

Beyond retail, the report also highlights a trend that will be beneficial to investment managers. Earlier this month, Chairman Jay Clayton announced a change to how the SEC would consider settlement offers from prospective defendants who are also seeking a waiver from a regulatory disqualification that would be triggered by the settlement. The Obama administration revoked the authority previously delegated to the regulatory divisions to decide waivers and required an uncondi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 6 out of 10 investors seek to move assets from UK amid brewing of perfect storm[more]

    Opalesque Industry Update - Six out of 10 investors are now actively seeking to move assets out of Britain as a perfect storm looks set to hit the UK economy, reveals a new poll. The survey of more than 740 clients carried out by deVere Group, one of the world's largest independent financial

  2. Investing: Hedge funds take record short bets against Aston Martin, Investor sentiment reaching reversal point, says Lipper,It's time to buy into this long-suffering strategy, Investors, 'starved for returns,' flood private markets in search of high-growth opportunities[more]

    Hedge funds take record short bets against Aston Martin From FT: Hedge funds have taken record short positions in the debt and equity of Aston Martin, betting that the luxury carmaker will continue to struggle after one of the most disastrous stock market debuts of recent years.

  3. Crayhill Capital Management closes $100M transportation financing in Mexico[more]

    Bailey McCann, Opalesque New York: Private credit shop Crayhill Capital Management is providing a senior secured credit facility of up to $100 million to Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico. Crayhill Capital Management is l

  4. People: Swedish AM hires long/short equity veteran, Cambridge University recruits new CIO from family office[more]

    Swedish AM hires long/short equity veteran From City Wire: Swedish asset manager Catella has hired Mattias Nilsson as a new portfolio manager to focus on long/short investing, the firm has announced. Nilsson will start on 26 August and will be part of the firm's long/short equity capabi

  5. Tech: European Central Bank confirms website hack and data breach, Google warns BILLIONS of website passwords have been hacked - how to check yours now, Jeffrey Tarrant saw artificial intelligence as the future of managing money[more]

    European Central Bank confirms website hack and data breach The European Central Bank (ECB), the central bank of the 19 European countries which have adopted the euro, has shut down a compromised website after it discovered that hackers had planted malware that stole information from ne