Commentary by Steven Lofchie
SEC Chair Jay Clayton and Commissioner Hester M. Peirce encouraged members of the Asset Management Advisory Committee to provide recommendations on operational requirements in light of the lessons learned from the COVID-19 pandemic.
The U.S. District Court for the District of Columbia ordered the Small Business Administration to release the names, addresses and loan amounts for PPP loan recipients by November 19, 2020.
An OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB rule proposal that would codify the 2018 Interagency Statement Clarifying the Role of Supervisory Guidance was published in the Federal Register.
An SEC and CFTC joint request for comments on possible methods for implementing the portfolio margining of SEC- and CFTC-regulated products was published in the Federal Register.
A broker-dealer settled FINRA charges for failing to use approved methods when estimating per-share Direct Participation Program and Real Estate Investment Trust valuation information distributed to customers.