Compliance Newsflash – March 20, 2019

March 20, 2019

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SEC Staff to Hold Fintech Forum to Discuss Distributed Ledger Technology and Digital Assets

On March 15, 2019, the Securities and Exchange Commission announced that its staff will host a public forum focusing on distributed ledger technology (DLT) and digital assets on May 31, 2019.  The forum is being organized by the agency’s Strategic Hub for Innovation and Financial Technology (FinHub) and was announced in connection with the launch of FinHub last year.  FinHub is committed to active engagement with market participants on new financial technologies.  The forum is the second such forum to be hosted by the agency, will feature panelists from industry and academia, and is designed to foster greater communication and understanding around issues involving DLT and digital assets.  Panelists will explore such topics as initial coin offerings, digital asset platforms, DLT innovations, and how these technologies impact investors and the markets.   

For more information, click here.

SEC promises revised advertising rule soon

On March 15, 2019, the Securities and Exchange Commission announced that they are on the verge of proposing reforms to rules governing advertising, a regulation that tends to vex investment advisers. Despite the 35-day government shutdown earlier this year, the agency is still on track to release amendments to the advertising regulation in the “very near future,” Dalia Blass, director of the SEC Division of Investment Management, said Friday at an Investment Adviser Association conference in Washington.

For more information, click here.