by David Schwartz J.D. CPA | Nov 20, 2021 | All, Cross-Post, Disclosure Regimes, Formal Regulatory Remedies
On November 18, 2021, the Securities and Exchange Commission (SEC) proposed broad disclosure rules intended to “provide transparency in the securities lending market.” As directed by the Dodd-Frank Act[1], the Commission proposed these rules to: Supplement...
by Ed Blount | Oct 24, 2021 | All, Commentary, Cross-Post
We’ve all been there, having drinks after work with an important client visiting from overseas. My most memorable time was at the very beginning of my career on Wall Street. The client was a trader from the South African branch of Jos. Sebag & Co., a London firm...
by David Schwartz J.D. CPA | Oct 12, 2021 | All, Cross-Post, Disclosure Regimes
The Securities and Exchange Commission issued a proposal to expand investment company disclosures of their proxy voting activities. If adopted, the rules would enhance the information mutual funds, exchange-traded funds, and other regulated investment companies are...
by David Schwartz J.D. CPA | Aug 19, 2021 | All, Cross-Post
German courts and regulators have put securities lenders on notice that cross-border withholding tax (WHT) reclaim “schemes” are now “crimes.” Recent developments in Germany have cleared the way for sweeping tax audits and potential criminal...
by David Schwartz J.D. CPA | Mar 19, 2021 | All
DTCC has applied to the US Securities and Exchange Commission for permission to launch a securities finance clearing service. DTCC’s fixed income arm, the National Securities Clearing Corporation (NSCC), spearheads the central clearing initiative, touting the...
