Compliance Newsflash – May 17, 2017

May 18, 2017

DLA is committed to keeping our clients and friends updated on relevant news and topics in the industry by distributing a weekly Compliance Newsflash. We hope this provides you with helpful and insightful information for you and your firm! Join our mailing list by clicking here: DLA Newsflash Registration.

SEC Names Jaime Klima Chief Counsel
On May 15, 2017, the SEC announced that Jaime Klima has been named Chief Counsel to Chairman Jay Clayton. As Chief Counsel, Ms. Klima will be senior legal and policy adviser, and will coordinate the rulemaking agenda of the Commission. She will also serve as the Chairman’s representative on the Deputies Committee of the Financial Stability Oversight Council.
To read the full article, click here.

FINRA Reviews Rules on Outside Business Activities and Private Securities Transactions
On May 15, 2017, FINRA requested comment on its rules governing outside business activities and private securities transactions as part of a new retrospective rule review. The review aligns with the ongoing FINRA360 initiative, a comprehensive review of the organization’s operations and programs.
For more information, click here.