Vigilant Monthly Newsletter | February 2023
Monthly Newsletter
In February, we saw SEC Releases and Charges, as well as important insights from Vigilant.
Below is a brief overview of what took place in the month of February, and what is approaching for March.
New Rules, Regulations, and Guidance
Upcoming Filings:
- 03/01/23 – NFA Annual Affirmation
- 03/01/23 – Form CPO-PQR
- 03/01/23 – Form PF Hedge Fund Quarterly
- 03/01/23 – Reaffirm CPO and CTA Exemptions
- 03/02/23 – Form N-PORT
- 03/06/23 – Form N-MFP
- 03/10/23 – Schedule 13G Monthly
- 03/16/23 – Form N-CEN
- 03/31/23 – Form ADV Annual
- 03/31/23 – CPO Annual Report
- To stay up to date with the SEC Filing Deadlines in 2023, click HERE to view Vigilant’s Filing calendar.
Events & Public Appearances by Officials:
- 03/01/23 – American Bar Association’s National Institute On White Collar Crime
- 03/01/23 – SEC’s Office Of Minority And Women Inclusion: OMWI At 10 Years
- 03/02/23 – Investor Advisory Committee
- 03/02/23 – Restructuring Equity Markets And Its Impact
- 03/02/23 – Closed Meeting
- 03/06/23 – Council Of Institutional Investors’ Spring 2023 Conference
- To see upcoming 2023 SEC Meetings and Public Appearances click HERE!
Materials:
Vigilant Insights:
In Need of a Cost-Effective Compliance Solution?
- There are many factors to consider when deciding whether to outsource the compliance responsibility or keeping it in house. Learn more here.
SEC Releases:
SEC Finalizes Rule Changes for Settlement Cycles
- On February 15th, the SEC formally adopted rule changes to reduce the settlement cycle for most Broker Dealer transactions. View the requirements for Registered Investment Advisers and Broker Dealers here.
New SEC Proposed Rule | RIA Protection of Customer Assets
- The SEC announced a Proposed Rule on February 15th to amend and redesignate rule 206(4)-2 of the Advisers Act. View Vigilant’s overview here.
SEC Division of Examinations Releases 2023 Priorities | 7 Takeaways
- On February 7th, the SEC Division of Examinations announced its priorities for 2023. View Vigilant’s 7 Key Takeaways here.
SEC Issues Risk Alert Related to Regulation Best Interest
- The SEC recommends that all firms evaluate and modify their practices, policies, and procedures to comply with Regulation Best Interest. View the observations and our final conclusion here.
Commissioner Uyeda Discusses ESG In Depth | SEC Releases
- SEC commissioner, Mark Uyeda, made multiple remarks on Jan. 27th, related to the use of environmental, social, and governance (ESG) investing. View his comments here.
SEC Charges:
Private Equity Consultant Charged with Insider Trading
- The SEC charged a former consultant for a Private Equity Firm, and his close friend, with insider trading. View what was discovered here.
SEC Charges Investment Advisory Firm For Trading Violations
- The SEC charged an Investment Advisory Firm for violating SEC trading rules. To learn more about the charge and Rule 105, click here.
News and Alerts:
SEC May Change Climate Risk Disclosure Requirements | Industry Pushback
- Numerous firms have pushed back, claiming that this requirement would create a massive and expensive burden on the financial industry. Learn more about what is being considered here.
Firm Fines Employees for Unauthorized Whatsapp Use
- A well known large firm recently issued fines up to $1 Million to some of its employees for using unapproved mobile messaging apps. Learn more about what happened here.
The Vigilant Team is always happy to schedule a time to chat, feel free to contact us with any questions!
