Welcome to SEC Roundup, a bimonthly video collection by former Securities and Trade Fee senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Alternative Advocates Community.
The SEC’s controversial dealer rule was struck down in federal court docket, and the company has since withdrawn its attraction (and apparently backed off of different ongoing litigation) — successfully killing the rule. However the struggle over who qualifies as a securities vendor isn’t over. Whereas the rule itself is now not in impact, previous court docket 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 Various Funding Administration Affiliation to interrupt down the newest developments. They focus on the SEC’s try and redefine securities sellers by way of rulemaking and litigation, why the court docket struck down the vendor rule and what the SEC’s withdrawal of its attraction means, the affect of previous rulings that supported an expanded vendor definition, and what’s subsequent for pending litigation and future SEC enforcement methods.
Because the SEC reassesses its strategy, monetary professionals and market contributors should keep alert to potential shifts in regulatory enforcement. Tune in for skilled evaluation on the place this situation stands and what comes subsequent.
