In this issue

New Rules, Propsed Rules, Guidance and Alerts

• SEC Staff Extends No-Action Relief on Auditor Independence and the “Loan Provision”
• OCIE Identifies Most Common Advertising Compliance Issues

Public Statements, Press Releases and Testimony

• SEC Chairman Clayton Issues Statements Regarding 2016 Cyber Intrusion of EDGAR System
• SEC’s Enforcement Division Announces Creation of Cyber Unit in Effort to Address Cyber-Based Threats

Market and Product Developments

• SEC Approves Three-Month Delay to New Continued Listing Standards for ETFs

Litigation and Enforcement Actions

• SEC Charges Adviser with Improperly Recommending Higher-Fee Mutual Funds

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