Transition to the T+2 Settlement Cycle

By | 04/23/2018 | 11:19 am ET

Rule 15c6-1(a) – From T+3 to T+2 In March 2017, the Securities and Exchange Commission (SEC) amended Rule 15c6-1(a), shortening the settlement cycle from T+3 to T+2. The “T” in “T+2” and “T+3” stands for transaction date, the date that a transaction occurs. T+ (1, 2 or 3) represents the settlement date, the date that ownership of the stock is transferred. Thus, with this rule change, companies now have two…

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Amendments to Investment Advisers Act

By | 04/23/2018 | 11:17 am ET

In August of 2016, the SEC adopted the proposed amendments to the Investment Advisers Act, in addition to the investment adviser registration and reporting form, commonly known as Form ADV. These changes were designed to provide the public with additional information and disclosures, help investment advisers have more efficient reporting, and allow the SEC to better monitor industry risk. In addition, these changes will better reflect changes from the Fixing…

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OTC Markets’ New Stock Promotion Policy

By | 03/30/2018 | 1:26 pm ET

On November 7th, the OTC Markets Group released a new stock promotion policy. This policy aims to improve the overall market transparency for investors, while addressing the issue of misleading, manipulative, or fraudulent stock promotion. Fraudulent Promotional Campaigns The wide use of digital media has allowed companies to interact and reach investors in a variety of new and different ways. While this can be beneficial by allowing companies to reach…

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