Commentary by Steven Lofchie
SIFMA and SIFMA AMG raised numerous concerns over the SEC's proposed changes to money market fund rules under the Investment Company Act. Separately, Senator Pat Toomey (R-PA) wrote a letter to SEC Chair Gary Gensler criticizing the SEC proposal.
The Congressional Research Service reviewed the EU's responses to Russia's invasion of Ukraine and discussed the implications for U.S.-EU relations.
In an Accounting Bulletin ("SAB"), SEC staff delineated an entity's accounting obligations as to crypto-assets that the entity holds in custody for others.
Comments may be submitted until May 20, 2022 for an SEC proposed rule to increase and standardize climate-related disclosures. The proposal was published in the Federal Register.
A registered representative settled FINRA charges for (i) sharing in his customers' losses and (ii) making an unauthorized loan to a customer.