February 15, 2023/US SEC The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule, under the Investment Advisers Act of 1940 and amend certain related recordkeeping […]
Updates
Welcoming remarks by Governor Bowman at the Midwest Cyber Workshop
February 15, 2023/US Federal Reserve Introductory Remarks Good morning. It is a pleasure to join you, and I appreciate the invitation to speak to you virtually for this inaugural Midwest Cyber Workshop hosted by the Federal Reserve Banks of Chicago, Kansas City, and St. Louis.1 Cyberattacks threaten businesses and consumers […]
SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
Final rules will shorten process for settling securities transactions from two business days to one February 15, 2023/US SEC The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to […]
