SECs New Fraud Rule

Futures & Derivatives Law Report

David Meister Daniel Michael Chad E. Silverman Peter A. Varlan

Partners David Meister, Daniel Michael and Chad Silverman and associate Peter Varlan analyze two new SEC rules that address misconduct in the security-based swaps market. The new rules:

  • Prohibit fraud, manipulation and deception in connection with effecting or entering security-based swap transactions. 
  • Prevent undue influence over the chief compliance officer of security-based swap dealers and major security-based swap participants.