Digital Assets – Are You Ready?

The securities and futures industries have a long history of creating, distributing, and trading new and innovative products and asset classes. Innovation is not without risk and successful firms have typically introduced disciplined processes to achieve compliance within existing regulations, even when there are gray areas. For broker-dealers, the suitability rule (2111) is the guiding… READ MORE

Cryptocurrencies and the Regulatory Challenges Around Them

The complexity and global popularity of cryptocurrencies, or digital assets, has initiated cooperative efforts between the SEC and CFTC to understand and regulate these products. The agencies have jointly testified before Congress and displayed interest in developing meaningful regulations; both agencies have promised additional working groups to pursue joint regulations. On January 24, 2018, the… READ MORE

“Regulation AT” – What You Need To Know About the CFTC’s Proposed Rules for Algorithmic Trading

The Commodity Futures Trading Commission (“CFTC”) on November 24, 2015, unanimously approved a series of proposed risk controls, transparency measures, and other safeguards to “enhance the regulatory regime for algorithmic order origination and electronic trade execution on U.S.-designated markets (“DCMs”) but not on swap execution facilities (“SEFs”).” These proposals, which are set out in a… READ MORE