The SDDco Client Update
The SDDco Client Update is an action oriented email prepared in-house, tailored to client needs, and sent as an adjunct to our online newsletter. Verified newsletter subscribers receive our Client Update once each month.
The SDDco Client Update is intended to provide general information only. It is not intended as, and should not be taken as, financial, tax, accounting, legal, consulting or any other type of advice specific to you or your firm. Users of the SDDco Client Update should not act or refrain from acting on the basis of information provided on the sddco.com website. Always check with your accountant and/or attorney.
To enhance the regulation of automated trading on U.S. designated contract markets (DCM), the Commodity Futures Trading Commission (CFTC) proposed on Nov. 25, 2015, a comprehensive rule set, entitled “Regulation Automated Trading” or Regulation AT, that includes risk controls, transparency measures, and other safeguards. The CFTC now proposes to adopt Regulation AT “designed to consolidate
The SDDCO Group reminds clients of their obligations regarding Form 1099 reporting to the Internal Revenue Service (IRS). Form 1099, a group of informational IRS returns, is to report the income received by individuals external to compensation paid by an employer. Wages, salaries, and tips are reported on Form W-2, but Form 1099 reports self-employment income,
Last week, the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Municipal Securities Rulemaking Board (MSRB) reported the Compliance Outreach Program for Municipal Advisors, which will be held in Philadelphia on Feb. 3, 2016. The program, designed to provide municipal advisors the chance to converse with representatives from the three regulatory
From our boardroom to yours: Wishing all of our SDDCO clients and colleagues a Happy Holiday season and a prosperous New Year with a little extra spirit…
The National Futures Association (“NFA”) reminds certain members of their obligations under CFTC regulations to annually affirm an applicable notice of exemption or exclusion electronically through the NFA’s exemption system within 60 days of the calendar year end. The deadline this cycle is February 29, 2016. This filing applies to: Persons or entities claiming an exemption or exclusion from
“Best execution of customer orders is a key investor protection requirement.” An increase in the market automation of equity securities and standardized options, and advances in trading technology and communications in the fixed income markets, prompted FINRA to reiterate best execution obligations applicable when “firms receive, handle, route or execute customer orders in equities, options
The SEC has approved a disclosure change within FINRA Rule 8312 (FINRA BrokerCheck Disclosure) regarding Form U5 (Uniform Termination Notice for Securities Industry Registration). As of December 12, 2015, the waiting time for the release on BrokerCheck of disclosure information filed on Form U5 will drop from a fifteen-day delay to three business days. Form
The SEC’s Office of Investor Education and Advocacy prepared a new bulletin to familiarize investors with the highs and lows of selling short. Short Sale: “A short sale generally involves the sale of a stock you do not own (or that you will borrow for delivery). Short sellers believe the price of the stock will fall, or