In a "Staff Statement on Investment Company Cross Trading," the SEC Division of Investment Management requested comment on "ways to enhance the regulatory regime" in light of the SEC's adoption of the "Valuation Rule" on fair value determinations and readily available market quotations.
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FinCEN updated its Financial Action Task Force list of jurisdictions with strategic AML and Combating the Financing of Terrorism deficiencies.
FINRA updated the Filer Form for private placement offerings and stated that members must use the updated Filer Form once it becomes available beginning May 22, 2021.
FINRA adopted new rules to "address brokers with a significant history of misconduct and the broker-dealers that employ them."
At its first meeting of the year, the FINRA Board of Governors approved the publication of a proposed rulemaking that would amend the "borrowing and lending rule."