Header graphic for print
Securities Compliance Sentinel Analysis of cutting-edge securities industry issues

Category Archives: Uncategorized

Subscribe to Uncategorized RSS Feed

Takeaways from the NYSE glitch

Posted in Compliance and Supervision, Cyber-Security, Securities Exchanges, Uncategorized

Earlier this week, the New York Stock Exchange halted trading for nearly four hours due to a technical “glitch”.  While the shutdown caused a lot of uncertainty among investors and ruffled some feathers on Wall Street, there are some important takeaways for securities practitioners. This was a reminder of the importance of data security.  The… Continue Reading

So Just How Fast Is Too Fast

Posted in Uncategorized

SEC Chair Mary Jo White recently announced a broad program to get high frequency trading under control.  Under the plan, entities that engaged in high frequency trading will have to register with the SEC.  The rationale for this new plan is to promote greater transparency in the markets.  The SEC’s agenda could ultimately impact the… Continue Reading

Apply To Showcase Your Company at This Year’s IMPACT Venture Summit

Posted in Uncategorized

As the host of IMPACT 2013 Venture Summit, Fox invites you or your clients in the technology, healthcare or early stage sectors to be a featured company during the Mid-Atlantic’s premiere venture capital conference. Featured companies receive the exclusive opportunity to deliver a 10-minute presentation to prominent investors. Past featured companies include The Neat Company,… Continue Reading

Investors, Entrepreneurs and Business Leaders: Save the Date for Fox’s Own, Michael Harrington, at IMPACT 2013 Venture Summit!

Posted in Uncategorized

Fox Rothschild is proud to be the host sponsor of IMPACT 2013 Venture Summit – the most established venture summit in the Northeast. This year’s conference will be held October 22 and 23 at the Ritz-Carlton, Philadelphia and Crystal Tea Room.  As the premiere event of the Philadelphia Alliance for Capital and Technologies (PACT), IMPACT… Continue Reading

Guess Who Was Late To The Party; The SEC.

Posted in Uncategorized

The SEC found out what it means to sit on its rights when the United State Supreme Court recently concluded that the SEC was untimely in its effort to seek civil penalties. The Supreme Court in Gabelli v. Securities and Exchange Commission ruled that the five year clock in which the SEC had to bring… Continue Reading

Jeffrey M. Pollock Elected to The American Law Institute

Posted in Uncategorized

Please join us in congratulating partner Jeffrey M. Pollock who was recently elected to The American Law Institute (ALI) – a nonprofit, independent organization dedicated to producing scholarly work that clarifies, modernizes and improves the law. New members are elected by current members and selected on a number of criteria, including high character and ability… Continue Reading

We Need Your Help

Posted in Law Firms and Lawyers, Uncategorized

To our loyal followers, The ABA is compiling its list of top blogs.  We wanted to make you aware of the link, and hope you will consider us when responding.  Here is the link:  http://www.abajournal.com/blawgs/blawg100_submit/.  The deadline for submission is September 7, 2012. Thanks so much. Securities Compliance Sentinel

SEC Pushes Reg D/Rule 144A Changes Back a Week

Posted in Uncategorized

In an unshocking move, the SEC decided to delay its Open Meeting on the changes to Rule 506 of Regulation D and Rule 144A required under the JOBS Act (which will allow for general solicitation of securities sold pursuant to those rules) until next week.  Notably, in the notice announcing next week’s meeting, they changed… Continue Reading

Cockroaches, the NFL and Presidential Statistics. . . Another Silly Friday Prediction

Posted in Uncategorized

Yes, this blog is quite different than what you are used to reading, but it is a Friday in August so please take it in that vein.  Here goes. Undoubtedly, many know the securities industry loves to use statistics.  Statistics are used for everything, including, among other things, to make predictions.  However, the securities industry is not alone in using statistics to predict… Continue Reading

IMPACT 2012 Venture Summit Mid-Atlantic: Proof That Good Things Can Have Really Long Names

Posted in Uncategorized

If you look around Philadelphia, you can see signs of a vibrant, growing city.  Neighborhoods long lost to urban decay and lost manufacturing jobs are finding new life as homes to the growing creative class of artists and entrepreneurs.  Philadelphia is in the nascent stages of a renaissance.  New businesses are created every day, and growing… Continue Reading

Interview on LXBN TV

Posted in JOBS Act, Uncategorized

I did another interview with LXBN TV this afternoon.  In some ways, it went better than the first.  Instead of an opening shot where I look like I’m trying to find the fastest escape route out of the imminent stammer-fest, now I just look really, really sad, like someone just yelled at a puppy.  And instead… Continue Reading

CFTC Approves Final Rule on Data Recordkeeping for Pre-Dodd-Frank Swaps

Posted in Dodd-Frank, Uncategorized

Last week, the CFTC issued a final rule on the data recordkeeping and reporting requirements for historical swaps.  Historical swaps are swaps executed prior to the passage of the Dodd-Frank Act and swaps entered into between the enactment of the act and applicable compliance date for recordkeeping.  For swaps in existence on or after April 25,… Continue Reading

Maryland Investor Defriends Facebook IPO, Likes FINRA Investigation

Posted in Uncategorized

Well, that didn’t take long. It’s only been five days (and only three trading days) since Facebook’s IPO, but lawsuits and investigations are already underway.  So much for the honeymoon (literally). This NY Times piece does a good job explaining some of the reasons why Facebook’s IPO has gone awry.  The Massachusetts secretary of state… Continue Reading

The STOCK Act, Will It Make A Difference

Posted in Uncategorized

The President, last week, signed the Stop Trading on Congressional Knowledge Act (the “STOCK Act”), which amended the 34 Act and the Commodity Exchange Act.  The STOCK Act is significant for what it restricts, as well as for what it did not address notwithstanding a fair amount of hoopla. The STOCK Act restricts members of… Continue Reading

The NFA Clarifies Restrictions On Slippage

Posted in Uncategorized

The CFTC recently adopted the NFA’s interpretative notice to NFA Compliance Rule 2-36 regarding price slippage and price re-quoting.  Rule 2-36(b)(1) prohibits a Forex Dealer Member (“FDM”) from engaging in a forex transaction that cheats, defrauds or deceives any other person.  Similarly, Rule 2-36(b)(4) prohibits an FDM from engaging in any manipulative acts or practices… Continue Reading