News - Bates Research

Former SEC Enforcement Chief Discusses How Big Data Drives Investigations and Prosecutions

Bates Research  |  03-15-17

Former SEC Enforcement Chief Discusses How Big Data Drives Investigations and Prosecutions

During the January 26th 2017 SIFMA-Bates Group Leaders and Experts Forum: Managing Regulatory Investigations and Enforcement Matters in the Big Data-Driven Age, former Chief of the SEC Complex Financial Instruments Unit, and current partner in Simpson Thacher’s Government Investigations Group, Michael J. Osnato, Jr. discussed how big data is changing the way the SEC investigates and prosecutes misconduct. Mr. Osnato shared insights gleaned from his then-recently completed tenure at the agency, a period he termed the “golden age of enforcement.” 

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NASAA’s 2017 Priorities to Congress Hint at Challenges Ahead for State Regulators

Bates Research  |  03-08-17

NASAA’s 2017 Priorities to Congress Hint at Challenges Ahead for State Regulators

The President of the North American Securities Administrators Association (“NASAA”) is supporting the besieged fiduciary duty rule and has advocated for the independence of state securities regulators. In NASAA’s official recommendations to the 115th Congress of the United States, President Mike Rothman urged “Congress and the Administration to promote financial regulatory policies that hold true to our shared responsibility to look out for investors and preserve the integrity of our capital markets.”

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FINRA Dispute Resolution Update: 2017 Arbitration Reform

Bates Research  |  02-28-17

FINRA Dispute Resolution Update: 2017 Arbitration Reform

On February 8, the Financial Industry Regulatory Authority (FINRA) released a new report on the status of recommendations made by the FINRA Dispute Resolution Task Force. The 13-member Task Force was formed in July 2014 to “improve the transparency, impartiality and efficiency of FINRA's securities arbitration and mediation forum.”

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Don’t Let Your Guard Down:  State and Federal Rulemakers Move Forward on Cyber Security

Bates Research  |  02-22-17

Don’t Let Your Guard Down:  State and Federal Rulemakers Move Forward on Cyber Security

The changing of the guard in Washington has not slowed down cyber security regulators at the national or state level. Over the last several weeks, longstanding efforts have continued apace. The New York State Department of Financial Services published final cyber security regulations mandating standards for banks and insurers. The U.S. Department of Commerce’s National Institute of Standards and Technology proposed updates to its 2014 Framework for Improving Critical Infrastructure Cybersecurity, and the White House itself prepared – and then postponed temporarily – a proposed new Executive Order. 

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The War on Talent: Competing for the Compliance Professional

Bates Research  |  02-15-17

The War on Talent: Competing for the Compliance Professional

Bates Group Director of Fraud and Forensic Investigations Geoff Winkler discusses the "War on Talent" which was a recurring topic at SIFMA's 2017 AML and Financial Crimes conference in New York.

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The Beginning of the End of the Fiduciary Duty Rule?

Bates Research  |  02-08-17

The Beginning of the End of the Fiduciary Duty Rule?

In one of his first acts in office, Donald J. Trump issued a Presidential Memorandum on the DOL Fiduciary Duty Rule. The President directed the Department of Labor to examine the Rule to determine whether it may “adversely affect the ability of Americans to gain access to retirement information and financial advice.” 

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Markets 2016: A Look Back

Bates Research  |  01-26-17

Markets 2016: A Look Back

For many investors, 2016 was a roller coaster ride in the equity markets. The year started off on a surprisingly low note, with the broader market experiencing the worst opening week in history. The S&P 500 Index fell 6% in the first five days of trading, and by mid-February, the equity index had fallen 15%. However, the S&P 500 Index did manage to finish the year up 10%, despite the uncertainty created by ...

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SEC 2017 Priorities: Increased Scrutiny of Advisers Announced

Bates Research  |  01-18-17

SEC 2017 Priorities: Increased Scrutiny of Advisers Announced

The SEC has released its examination priorities for 2017, which contain a continuation of many priorities from last year, as well as some new areas of focus.  Just as we did last week when we covered FINRA’s 2017 priorities, this week we will concentrate largely on new SEC initiatives, with some attention to those initiatives which are continuations of earlier priorities.

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SEC Announces 2017 Examination Priorities

Bates Research, Industry News  |  01-12-17

SEC Announces 2017 Examination Priorities

The SEC has announced their examination priorities for 2017.

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FINRA 2017 Priorities: Regulator Moves Away From “Culture Of Compliance”

Bates Research  |  01-10-17

FINRA 2017 Priorities: Regulator Moves Away From “Culture Of Compliance”

Last week FINRA released its Regulatory and Examination Priorities Letter for 2017.  The letter outlined fewer priorities than in previous years, and it gives a more tangible set of marching orders than firms have received in at least two years.  We will examine the major themes of some of these changes below, rather than focusing on those aspects of the letter that are continuations of previous enforcement agendas.

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