Welcome to SEC Roundup, a bimonthly video collection by former Securities and Change Fee senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Alternative Advocates Community.
The SEC’s controversial supplier rule was struck down in federal courtroom, and the company has since withdrawn its attraction (and apparently backed off of different ongoing litigation) — successfully killing the rule. However the battle over who qualifies as a securities supplier isn’t over. Whereas the rule itself is now not in impact, previous courtroom rulings have upheld the SEC’s broader interpretation in sure enforcement circumstances, leaving authorized uncertainty.
On this episode, Morgan is joined by Daniel Austin and Suzan Rose from the Different Funding Administration Affiliation to interrupt down the most recent developments. They focus on the SEC’s try to redefine securities sellers by rulemaking and litigation, why the courtroom struck down the supplier rule and what the SEC’s withdrawal of its attraction means, the influence of previous rulings that supported an expanded supplier definition, and what’s subsequent for pending litigation and future SEC enforcement methods.
Because the SEC reassesses its strategy, monetary professionals and market individuals should keep alert to potential shifts in regulatory enforcement. Tune in for professional evaluation on the place this problem stands and what comes subsequent.
