Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Mark Highman
NFL to Supremes: CFTC Should Punt Football "Swaps" to State Regulators
The National Football League asked the U.S. Supreme Court to take up New Jersey's case against KalshiEX, LLC, arguing that wagers on football games placed through federally registered exchanges should be governed by state gambling laws, not by the CFTC. In an amicus brief, the NFL said that more than half of all prediction market trading on the first Sunday of the 2026 season, $1.8 billion out of $3.3 billion, was tied to its games.
SEC Approves MSRB Amendments on Dealer Supervision
The SEC approved amendments to MSRB dealer supervision requirements that clarify which public finance activities trigger supervisory office designation and that expand a remote-work exclusion for non-primary residences. In the approval notice, the MSRB stated the amendments to MSRB Rule G-27 ("Supervision") provide dealers with greater latitude in permitting associated persons to work at non-primary residential locations.
CFTC Proposes CPO, CTA Registration Exemption for SEC-Registered Advisers
The CFTC proposed amendments to its registration requirements that would exempt qualifying SEC-registered investment advisers from registering as commodity pool operators ("CPOs") and commodity trading advisers ("CTAs"), and increase the capital contribution threshold for the small pool exemption.
SEC Chair Sets Forward the "ACT Strategy": Advance, Clarify, and Transform
"In our nation’s 250th year, we at the SEC are doing what our Founders had faith in us to do: clearing and pruning the overgrowth - not to weaken the framework, but to let it bear fruit again." "In our nation’s 250th year, we at the SEC are doing what our Founders had faith in us to do: clearing and pruning the overgrowth - not to weaken the framework, but to let it bear fruit again." SEC Chair Paul Atkins said the agency was returning to first principles through the three-part plan he called...
CFTC and SEC Request Comment to Clarify Jurisdiction Over Swaps
"Financial market participants are operating in an increasingly convergent financial ecosystem. [...] New trading models, digital infrastructure, and onchain, automated systems are increasingly blurring traditional jurisdictional lines." Joint Request for Comment by the SEC and CFTC "Financial market participants are operating in an increasingly convergent financial ecosystem.
IOSCO proposes good practices concerning OTC commodities derivatives markets
On 19 March 2026, the International Organization of Securities Commissions (IOSCO) issued a consultation report inviting comments on proposed good practices intended to support the implementation of IOSCO’s Principles for the Regulation and Supervision of Commodity Derivatives Markets (the Principles).
CFTC advances regulatory framework for prediction markets
On March 12, 2026, the Commodity Futures Trading Commission took two significant actions furthering the development of a regulatory framework for prediction markets. First, the CFTC issued a staff advisory outlining current regulatory expectations for listing and trading event contracts on prediction markets. Second, the CFTC published an advance notice of proposed rulemaking, signaling the intent to develop a comprehensive regulatory framework for these markets. Read our alert here.
Global Regulation Tomorrow Plus
In our latest Global Regulation Tomorrow Plus podcast Partner Jonathan Herbst and Of Counsel Uzmah Yunis share their thoughts on the FCA's recent consultation paper on payment optionality for investment research. Mark Highman, a financial services partner in New York, also provides a US perspective. Spotify/ Apple The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Regulation Around the World - Investment Research
In the latest instalment of our Regulation Around the World series, Financial Services partners in over 10 jurisdictions review recent steps that financial services regulatory authorities have taken as regards investment research. Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream and download.
FCA Issues Consultation Paper on "Payment Optionality for Investment Research"
In a Consultation Paper, the UK Financial Conduct Authority ("FCA") requested comment on proposed rules to allow for the "bundling" of payments for third-party research and execution services, subject to proposed guardrails. The FCA stated that the rules currently prevent UK asset managers from purchasing research with bundled payments (whereby payments for execution and research are combined) except subject to conditions that few advisers can meet.
EXAMS Publishes Risk Alert Regarding Regulation S-ID Compliance
The Division of Examinations (“EXAMS”) of the Securities and Exchange Commission (“SEC”) has published a risk alert (“Risk Alert”) identifying a number of practices by registered investment advisers and broker-dealers (together, “firms”) that EXAMS staff characterized as inconsistent with the objectives of Regulation S-ID[1] and that may leave retail customers vulnerable to identity theft and financial loss.[2] The Risk Alert outlines risks and practices falling into the following broad...
SEC Adopts Rule Amendments Designed To Expand Access To Private Investment Opportunities
On August 26, 2020, by a 3-2 vote, the Securities and Exchange Commission (the "SEC") adopted rule changes that generally expand the scope of the definitions of "accredited investor" in Rule 501(a) of Regulation D and of "qualified institutional buyer" in Rule 144A under the Securities Act of 1933 (the "Securities Act"). The SEC also adopted related changes to Rules 215 and 163B under the Securities Act and to Rule 15g-1 under the Securities Exchange Act of 1934 (the "Exchange Act").
SEC Adopts Rule Amendments Designed to Expand Access to Private Investment Opportunities | JD Supra
On August 26, 2020, by a 3-2 vote, the Securities and Exchange Commission (the “SEC”) adopted rule changes1 that generally expand the scope of the definitions of “accredited investor” in Rule 501(a) of Regulation D and of “qualified institutional buyer” in Rule 144A under the Securities Act of 1933 (the “Securities Act”).2 The SEC also adopted related changes to Rules 215 and 163B under the Securities Act and to Rule 15g-1 under the Securities Exchange Act of 1934 (the “Exchange Act”).
FINRA Requests Comment On Proposed TRACE Reporting And Portfolio Trade Rule Amendments
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
Broker-Dealer Settles FINRA Charges For Violations Of Research Rules
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
COVID-19 Update: Restrictions On Short Selling In The UK And European Union
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
CFTC DSIO Director Highlights Commodity Pool Operator Registration And Disclosure Requirements
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
CFTC Updates Data Catalogue Pursuant To Data Protection Initiative
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
FINRA Proposes Expanding Eligibility To Operate As A CAB
Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. Mondaq has a "free to view" business model.
SEC Proposes Rule Amendments Designed To Expand Access To Private Investment Opportunities
To print this article, all you need is to be registered or login on Mondaq.com.
SEC Proposes Rule Amendments Designed to Expand Access to Private Investment Opportunities | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
CFTC Codifies Registration And Reporting Relief For Commodity Pool Operators And Commodity Trading Advisors
To print this article, all you need is to be registered or login on Mondaq.com.
CFTC Codifies Registration and Reporting Relief for Commodity Pool Operators and Commodity Trading Advisors | JD Supra
The Commodity Futures Trading Commission (the “CFTC”) approved the publication of two releases (the “Final Rules”)1 on November 25, 2019, adopting final amendments to Part 4 of the CFTC Rules2 which codify and expand a number of interpretative notices and no-action letters granting relief from the registration and reporting obligations applicable to various categories of Commodity Pool Operators (“CPOs”)3 and Commodity Trading Advisors (“CTAs”)4.
Firm Settles FINRA Charges For Written Methodology Failures For Pending Orders
Registration (please scroll down to set your data preferences) Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaqs use of your personal data can be found in our Privacy and Cookies Notice): To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
CFTC Adopts Amendments To CPO And CTA Registration And Reporting Requirements
Registration (please scroll down to set your data preferences) Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaqs use of your personal data can be found in our Privacy and Cookies Notice): To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
SEC Proposes Significant Amendments to Investment Adviser Advertising Rule | JD Supra
The Securities and Exchange Commission (the “Commission” or the “SEC”), on November 4, approved the publication of a substantial release (the “Release”)1 proposing significant amendments to the rules under the Investment Advisers Act of 1940 (the “Advisers Act”) that govern advertising by investment advisers and the solicitation of advisory and fund investments, as well as related recordkeeping and SEC Form ADV disclosure requirements.
SEC Proposes Significant Amendments to Investment Adviser Solicitation Rule | JD Supra
The Securities and Exchange Commission (the “Commission” or the ”SEC”), on November 4, approved the publication of a substantial release (the “Release”)1 proposing significant amendments to the rules under the Investment Advisers Act of 1940 (the “Advisers Act”) that govern advertising by investment advisers and the solicitation of both advisory accounts and investments into managed funds, as well as related recordkeeping requirements.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Mark
Contact Mark, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack