In This Issue:

New Rules, Proposed Rules, Guidance and Alerts

• OCIE Issues Risk Alert on Adviser and Broker-Dealer Compliance Issues Related to Regulation S-P
• SEC Staff Seeks Comment on the Application of the Custody Rule to Digital Assets and Issues Associated with Trades That Do Not Settle on a Delivery versus Payment Basis
• NFA Adopts Swaps Proficiency Exam Requirement for Associated Persons
• IRS Releases Final Regulations on Income from Investments in Certain Foreign Corporations
• SEC Issues Sweeping Securities Offering Reform Proposals for Closed-End Funds
   

Litigation and Enforcement Actions and Initiatives

• SEC Announces Settlements from Share Class Selection Disclosure Initiative

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