Client Alert: 8 Things You Need to Know About the Proposed SEC Cybersecurity Rules and Amendments for Registered Investment Advisers and Funds

Institutional investment managers and broker-dealers would be required to provide extensive new data about short selling activity.

McGonigle, P.C. is pleased to announce that Partner Lisa Weingarten Richards was selected as a 2022 Fellow by the Leadership Council on Legal Diversity ("LCLD"), and Associates Margaret Haggerty and Ella Markina have been selected to participate in the Pathfinders Program.

On February 9, 2022, CFTC Chair Rostin Behnam made a fresh appeal to Congress to grant his agency expanded authority to oversee crypto markets and provide $100 million in additional funds.

In a manner similar to the transition to T+2 settlement in 2017, the SEC has proposed to mandate T+1 settlement consistent with an ongoing industry initiative.

The New York State Bar Association Commercial and Federal Litigation Section ("ComFed") supports the amendment to New York’s mandatory continuing legal education ("CLE") rules to include a new mandatory category of credit for cybersecurity, privacy, and data protection (the "Cybersecurity CLE Proposal").