Twenty-Three Years Later, One Day Shorter: SEC Proposes T+2 Rule Amendment

By | The BD/IA Regulator | September 30, 2016

Twenty-three years after adopting Rule 15c6-1 under the Securities Exchange Act of 1934 (“Exchange Act”) to establish T+3 as the standard settlement cycle for broker-dealer transactions, on September 28, 2016, the SEC proposed amendments to Rule 15c6-1(a) to shorten the standard settlement cycle for most broker-dealer transactions from three business days after the trade date (T+3) to two business days (T+2).

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SEC Settles Charges Against Anheuser-Busch InBev for Illegally Gagging Employee & FCPA Violations

By | The Whistleblower Blog | September 28, 2016
SEC Settles Charges Against Anheuser-Busch InBev for Illegally Gagging Employee & FCPA Violations

Washington, D.C. September 28, 2016. The Securities and Exchange Commission (SEC) announced today that Anheuser-Busch InBev has agreed to pay $6 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) and chilled a whistleblower who reported the misconduct.

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SEC Adopts Changes Impacting Private Fund Advisers

The SEC’s recently-adopted changes to Form ADV and Rule 204-2 of the Investment Adviser Act of 1940, as amended (the so-called “books and records rule”), raise important considerations for many private fund advisers – particularly those that also advise separately managed accounts or that manage multiple funds through affiliated entities.

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