» Commissioner Peirce urges ‘humility’ in response regulatory response to cryptocurrency
19/09/18 14:06 from Jim Hamilton's World of Securities Regulation
By Amy Leisinger, J.D. Seeming to embrace the new moniker of “CryptoMom,” SEC Commissioner Hester Peirce told attendees of the Cato Institute’s FinTech Unbound Conference that she would likely be a “free-range” mother that would encourag...

» SEC advisory committee members endorse universal proxy, encourage blockchain in corporate elections
18/09/18 13:44 from Jim Hamilton's World of Securities Regulation
By Amanda Maine, J.D. At a recent meeting of the SEC’s Investor Advisory Committee (IAC), members and stakeholders voiced their support for the use of technology, including the use of distributed ledger technology such as blockchain, in ...

» Dangers of Buying Out Limited Partners
18/09/18 13:00 from Compliance Building
VSS Fund Management had a fund that was getting old. VS&A Communication Partners III was in its seventeenth year and still had two portfolio companies. Several limited partners wanted a liquidity option that would get them out of the...

» Just a Little Case About the Foundations of Judicial Power
17/09/18 23:06 from Ziff Blog
The hottest new Washington Supreme Court decision is Eyman v. Wyman. It has everything. A split judgment with no clear majority decision. A debate about the proper role of the courts when dealing with unconstitutional statutes. And Washi...

» Lawmakers urge SEC to retool Reg BI
17/09/18 13:31 from Jim Hamilton's World of Securities Regulation
By Anne Sherry, J.D. The ranking members of four House and Senate committees are leading a call for the SEC to revise Regulation Best Interest, asserting that the proposed rule does not quite satisfy the agency’s Congressional mandate an...

» SEC Reminds Us that Guidance Is Not Binding
17/09/18 13:00 from Compliance Building
The Trump Administration’s attack on regulations just made a sweep through the financial industry. The Securities and Exchange Commission, The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation,...

» IM division rescinds relief for advisers relying on proxy advisory firms
14/09/18 14:57 from Jim Hamilton's World of Securities Regulation
By Amy Leisinger, J.D. In an Information Update, the SEC’s Division of Investment Management announced its withdrawal of two no-action letters providing guidance for investment advisers relying on recommendations from third-party proxy a...

» Compliance Bricks and Mortar – Florence Edition
14/09/18 13:00 from Compliance Building
To all of you in the path of Hurricane Florence, I wish you the best in your battle against the winds and rain. If you need something to read, these are some of the compliance-related stories that recently caught my attention Why Complia...

» Chamber of Commerce group supports PCAOB strategic plan, recommends enhancements
13/09/18 14:03 from Jim Hamilton's World of Securities Regulation
By Amy Leisinger, J.D. In a letter to the PCAOB, the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) noted that the group is “very supportive” of the PCAOB’s draft strategic plan for 2018-2022 but recommended...

» Yes, A Cryptocurrency Can Be a Security
13/09/18 13:00 from Compliance Building
Earlier this week, a federal judge denied a claim that a cryptocurrency is not a security under the federal securities law. The judge didn’t say that it was a security. Instead, he ruled that a reasonable jury could conclude that t...