News & Resources

DOWNLOAD PDF INTRODUCTION Last week, the SEC proposed a package of proposals focused on cybersecurity risks [Securities Exchange Act Release No. 97142 (March 15, 2023)]. Among the proposals were a proposed new rule (Rule 10) and new form (Form SCIR) focused on cybersecurity matters for securities market participants, including broker-dealers.… [Click to Read More]

DOWNLOAD PDF M&L submitted a comment letter responding to a proposed outsourcing rule aimed at certain operational aspects of the asset management sector. The letter requested that the SEC reconsider the necessity of the proposed outsourcing rule in light of the broad fiduciary duty and regulations that already apply to… [Click to Read More]

DOWNLOAD PDF On Wednesday, the SEC published for comment over 1600 pages of new rule proposals focused on significant reforms to the nation’s equity securities markets, marking the most significant regulatory reforms of the equity markets since Regulation NMS was proposed in March 2004. These proposals are currently out for… [Click to Read More]

DOWNLOAD PDF INTRODUCTION The Securities and Exchange Commission (“SEC” or “Commission”) proposed new rulemaking, Rule 206(4)-11 under the Investment Advisers Act of 1940 (“Act”), to require investment advisers to perform a diligence review of and periodically monitor certain outsourced services and service vendors.1 Proposed Rule 206(4)-11 prescribes four basic regulatory… [Click to Read More]

DOWNLOAD PDF SEC ELECTRONIC RECORDS PRESERVATION RULE – RULE 17a-4(f) Amendments to the preservation of records storage prescribed by Rule 17a-4(f) and related undertakings under the Securities Exchange Act of 1934 (“Exchange Act”) become effective January 3, 2023, with a compliance date of May 3, 2023. These recent amendments modernize… [Click to Read More]