Commentary by Steven Lofchie
The SEC adopted amendments to the definitions of "accelerated filer" and "large accelerated filer" under Exchange Act registration and reporting rules. The amendments reduce costs for certain lower-revenue companies.
State regulators and Attorneys General continue to address online credit companies' participation in "rent-a-bank" schemes.
FIA partnered with data analytics firm Greenwich Associates on a study of trends in the derivatives markets. Researchers surveyed market participants on derivative product usage, counterparty relationships and regulatory developments.
The SEC adopted final rules and form amendments that will revise the disclosure requirements for variable annuities and variable life insurance contracts.
The U.S. District Court for the Central District of California granted the SEC a default judgment against an unregistered broker-dealer and its CEO for selling unregistered initial coin offering securities.