Regulation

Bharat Ramamurti, a legislative aide for Democratic Senator Elizabeth Warren, is reportedly a contender for one of the vacancies on the U.S. Securities and Exchange Commission, according to a Reuters report citing unidentified individuals familiar with the matter.

Citadel Securities has named former U.S. Securities and Exchange Commission Trading and Securities Division director Stephen Luparello as the firm’s new general counsel.

Well-known Wall Street attorney Jay Clayton, tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, defended himself during Senate confirmation hearings Thursday against Democrats' charges that he faces multiple conflicts of interest.

With blockchain-based securities settlement already being pursued by most, if not all, of the world's largest trading firms, U.S. securities regulators finally moved on Wednesday to modernize decades-old regulations that require stock and bond trades to settle within three business days.

Convergex’s Westminster Research Associates has inked an agreement with integrated commission management solutions provider Commcise to a fully integrated, technology-based end-to-end solution that delivers compliance with upcoming MiFID II regulations relating to payment for research.  

Popular alternative investment jurisdiction Jersey has introduced a new regulatory framework for private funds that consolidates and streamlines Jersey’s private fund offering and will allow for fast-track authorization and lighter ongoing regulatory requirements.

Blackstone has reportedly joined a number of global financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, as companies without regulated operations within the bloc prepare for a "hard Brexit." 

The U.S. Securities and Exchange Commission has rejected a bid by Cameron and Tyler Winklevoss to list the first U.S. exchange-traded fund built to track bitcoin, the regulator said Friday, sending the digital currency's price down sharply.

The acting chair of the U.S. Securities and Exchange Commission has begun limiting the agency's enforcement division's ability to initiate investigations and issue subpoenas, a steep departure from the post-crisis policy initiated in 2009 by then-chair Mary Schapiro.

Former associate director of enforcement for the U.S. Securities and Exchange Commission Stephen Cohen has joined global law firm Sidley Austin as a member of the firm’s securities and derivatives regulatory practice.