Actions of the SEC and FINRA in Response to COVID-19Download
The Securities and Exchange Commission (“SEC”) has taken several actions to assist funds and advisers in light of the effects of COVID-19. Similarly, the Financial Industry Regulatory Authority (“FINRA”) also has taken several actions to provide guidance and certain regulatory relief to its member firms. Both the SEC and FINRA continue to monitor the effects of COVID-19 and additional relief and guidance may be issued. This client alert summarizes some of these initiatives.