Monday, June 29. 2020

Financial Regulators Modify Volcker Rule

On June 25th, five federal agencies including the SEC finalized changes related to the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. These funds are typically known as covered funds. Generally the Volcker rule prohibits banking entities from engaging in proprietary trading and from acquiring or retaining ownership interests in, sponsoring, or having certain relationships with covered funds.
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Posted by
The Novaworks Team
in SEC at 17:32

Tuesday, June 23. 2020

SEC and Justice Department’s Antitrust Division Sign Historic Memorandum of Understanding

On June 22nd, the SEC and the Department of Justice’s Antitrust Division signed an interagency Memorandum of Understanding (MOU). The MOU is intended to foster cooperation and communication between the agencies with the aim of enhancing competition in the securities industry. Assistant Attorney General Makan Delrahim of the Antitrust Division announced this first-ever MOU between the Antitrust Division and the SEC, which was executed with SEC Chairman Jay Clayton, before a discussion on equity market structure hosted by MIT’s Golub Center for Finance and Policy.
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Posted by
The Novaworks Team
in SEC at 10:36

SEC Extends Relief for Virtual Meetings of Fund Boards

The SEC announced on June 19th that the conditional relief from the in-person voting requirements for fund boards will be extended. This relief was originally provided by the SEC in March 2020 and will now extend at least through December 31, 2020. The extension is designed to provide flexibility to boards of registered funds and business development companies, which may continue to face challenges meeting in person given the ongoing COVID-19 pandemic.
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Posted by
The Novaworks Team
in Investment Management, SEC at 09:49

Tuesday, June 16. 2020

LDC #170: Adding Dot Fill Leaders With Embedded Images

One common request I get from clients is that they want to add dot leaders to some kinds of tables. Dot leaders are pretty common and also look great in documents but are also deceptively difficult to do in HTML. With regular typesetting software, you can fill white space with periods or other characters using a variety of methods that are relatively easy to employ. Typeset documents have set widths and fonts that don’t vary depending on external factors. HTML, on the other hand, is highly dependent on a user’s viewport settings.


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Posted by
Steven Horowitz
in Development at 18:02

Friday, June 12. 2020

FinHub to Host Virtual Meet-Ups

On June 11th, the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub) announced it will be conducting virtual peer-to-peer meet-ups (P2Ps). FinHub previously engaged with FinTech communities across the country in 2019 by hosting in-person meetings. These meetings offered members of FinTech communities the opportunity to speak in person with FinHub staff to discuss general issues, specific questions, or make presentations about their work.
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Posted by
The Novaworks Team
in Events, SEC at 16:35

New York Regional Office to Host Educational Call for Investors on Avoiding COVID-Related Fraud

The SEC’s New York Regional Office will host an educational telephone town hall about avoiding scams related to COVID-19. This event will occur on June 23, 2020 from 5 to 6 p.m. EDT. Free and open to all investors and those planning for their financial future, the town hall will allow callers to join high-ranking SEC officials who will share their insights. These officials will include the US Attorney for the District of New Jersey and the President of the Financial Industry Regulatory Authority Foundation.
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Posted by
The Novaworks Team
in Events, Investor Education, SEC at 14:19

Wednesday, June 10. 2020

Reminder for Filers Who Obtain EDGAR Access Pursuant to Temporary Final Rule 10(c)

The SEC reminds filers who have taken advantage of temporary relief measures regarding access to the EDGAR system that the required notarized authentication document must be submitted within 90 days of submitting the access application. This temporary relief (Temporary Final Rule 10(c)) was enacted because of the ongoing impacts of the COVID-19 pandemic which may have made it difficult for filers to obtain notarized documentation in a timely fashion.
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Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 10:00
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