Archives for June 2018

The SEC Identifies Priorities in Draft Strategic Plan Through 2022

June 27, 2018 | Posted by Hillary H. Holmes; Brian J. Lane Topic(s): Securities Regulation

On June 19, 2018, the Securities and Exchange Commission (the “SEC") published a draft strategic plan outlining the SEC’s priorities through 2022 (the “2018 Plan"). In the 2018 Plan, the SEC elected to pursue three goals, emphasizing investors, innovation and performance, each of which is summarized below. The 2018 Plan focuses on the “Main Street" investor, responds to new market developments, such as the growth of cryptocurrencies, and improves the regulator’s use of data and analytics.

The SEC Continues to Modernize and Adapt to the Times

June 12, 2018 | Posted by Hillary H. Holmes; James J. Moloney Topic(s): Miscellaneous; Securities Regulation

The Securities and Exchange Commission (“the Commission”) recently adopted two rule amendments in its latest effort to synchronize Commission policies with the rapidly developing digital age.

The SEC’s Proposed Transaction Fee Pilot for US Equity Securities

June 8, 2018 | Posted by Lori Zyskowski; Brian J. Lane; James J. Moloney Topic(s): Miscellaneous; Securities Regulation

In March 2018, the Securities and Exchange Commission (“SEC”) issued a proposed rule, Rule 610T of Regulation NMS (the “Proposal”), which would create a Transaction Fee Pilot for National Market System (“NMS”) stocks (the “Pilot”). The Pilot recently received renewed attention as a result of an email sent by the New York Stock Exchange (“NYSE”) to listed issuers expressing concerns the NYSE has regarding the Pilot.