New rules on the horizon for SPACs (Law360)

The SEC is working on rule proposals focused on special purpose acquisition companies (SPACs) that will require greater disclosures and transparency for investors. Amy Lynch, FrontLine‚Äôs Founder and President, explains that the SEC is honing in on areas where retail investors may be disadvantaged in these transactions versus institutional investors. Ms. Lynch describes areas of…

Read More

“Social trading” seeks inclusion, highlights regulatory grey area (Yahoo! Finance)

Retail investors relying on “social trading” platforms are looking for ways to level the playing field with hedge funds and other sophisticated money managers. While social trading seeks to benefit from the transparency of sharing ideas and digital engagement practices (DEP) via various platforms, for regulators it hinges on the question of what constitutes a…

Read More

$20,000 “sweepstakes” style promotion to draw eyes of regulators (Law360)

A push by Robinhood to attract college students to its platform by offering cash giveaways is likely to create greater scrutiny by regulators. The SEC is already looking into the regulatory implications of the “gamification” impact with online trading platforms. Now with Robinhood’s new marketing strategy targeting traditionally less sophisticated and lower income college students,…

Read More

Compliance staffs feel impact of labor shortage

At a time when compliance staffs are updating programs that may have become stagnant or even floundered during the pandemic, they are being pressed to find enough qualified internal help. The nation’s labor shortfall has made both hiring and retaining employees in compliance a difficult chore, just as a re-energized SEC is formulating an aggressive…

Read More