With the recent spree of SEC enforcement around the management and preservation of eComms—to the tune of more than $1.5 billion dollars—now is the time for firms to be thinking about best practices for managing digital communications.
A glance at the U.S. Securities and Exchange Commission's Rulemaking Index shows activity on over a dozen rules before the first half of 2023 is even over. That level of activity continues the momentum from 2022, which saw 34 rules proposed or finalized. With so much activity across a wide range of regulations, how can firms keep pace?
Regulators around the world are concerned with the risk of market abuse and market manipulation.
Market Abuse Regulations, includingMAR in the UK, the EU Market Abuse Regulation and Section 204A of the Investment Advisers Act of 1940 in the US, prohibit insider dealing, unlawful disclosure of inside information, and market manipulation.
In a recent interview with Yahoo Finance, United States Securities and Exchange Commission Chair Gary Gensler said that he has one goal for crypto regulation in 2023 – “making crypto exchanges and lending platforms come into compliance.”