Amendments Proposed to Rule 144
On December 22, 2020, the Securities and Exchange Commission (“SEC”) voted to propose an amendment to Rule 144 under the…
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SEC OVERHAULS MARKETING RULES FOR INVESTMENT ADVISORS
After more than a year of review and public comment, the Securities and Exchange Commission (SEC) announced on December 22,…
Read MoreCalifornia’s Amended Homestead Exemption Provides Increased Protection for Homeowners
A homestead exemption protects a specified dollar amount of a debtor’s equity in his or her principal dwelling from attachment…
Read MoreOCIE Alert Discusses Compliance Deficiencies
The Office of Compliance Inspections and Examinations (“OCIE”) recently sent out an alert highlighting the deficiencies regarding Rule 206(4)-7 (the…
Read MoreSEC Proposes New Exemptions to Expand the Scope of “Finders”
In October 2020, the U.S. Securities and Exchange Commission (“SEC”) proposed an order which could expand when/what “finders” are permitted…
Read MoreSEC MODERNIZES THE ACCREDITED INVESTOR DEFINITION
On August 26, 2020, the Securities and Exchange Commission (SEC) adopted updates to the definition of “accredited investor” under the…
Read MoreCERTIFIED FINANCIAL PLANNER (“CFP”) ALERT: CFP BOARD RELEASES FINAL PROCEDURAL RULES FOR CODE OF ETHICS AND STANDARDS OF CONDUCT FOR CFP PROFESSIONALS
The CFP Board certifies and bestows the CFP designation on professionals who meet rigorous education, training, and ethics standards. In…
Read MoreFOLLOWING REG BI, DOL PROPOSES TO EASE RESTRICTIONS ON ADVISER COMPENSATION ON RETIREMENT ACCOUNTS
The SEC's Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934 establishes a "best interest" standard of…
Read MoreUS Supreme Court Rules It Is Illegal To Fire Employees For Being Gay Or Transgender
Earlier this month, the United States Supreme Court ruled in Bostock v. Clayton County, Georgia that it is illegal for…
Read MoreFINRA EXPUNGEMENT RULES UPDATE – FINRA’S RESPONSE TO PUBLIC COMMENTS
Expensive changes are coming to FINRA’s expungement request. Under revised, proposed rules submitted by FINRA, expungements requests soon will be…
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