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Misleading AI Marketing Statements | $523k SEC Charge
SEC RELEASES Introduction On October 10th, the SEC announced charges against a Firm and its controlling members for their use of AI in advertising, and […]
Read MoreVigilant Becomes Three (3) Time Hedgeweek Award Winners!
Vigilant Announcements (Vigilant Becomes Three (3) Time Hedgeweek Award Winners) For the third year in a row, Vigilant was awarded as the Best Regulatory Advisory & Compliance […]
Read MoreMany Firms Abandon Prime Institutional Funds | Fred Teufel Insights
VIGILANT INSIGHTS Introduction As the SEC’s new liquidity and fee requirements went into effect Wednesday, October 2nd, 2024, many Firms have decided to terminate or […]
Read MoreVigilant Compliance Newsletter | September 2024
Monthly Newsletter In September, we saw heavy volume in both Vigilant Insights and SEC Releases, as well as a few Vigilant Announcements too. Below is a brief overview […]
Read MoreReg BI Violations Result in $325k Charge for Broker Dealer
SEC RELEASES Introduction The SEC announced charges against a Broker Dealer on September 18th, 2024, for violations pertaining to Regulation Best Interest (“Reg BI”). Broker […]
Read MoreCompliance Program Oversight Failure for an RIA Results in $150k Fine
SEC Releases Introduction The SEC announced on September 20th, 2024, that a New York RIA with $723 Million in AUM was charged $150,000 for compliance program […]
Read More$3.4 Million in Fines for Form 13F Failures | Michael Hogan Insights
VIGILANT INSIGHTS Introduction Multiple Firms were fined a combined $3.4 million in penalties for failing to file Form 13F in a timely manner. Form 13F […]
Read MoreSEC Disclosure Amendments (N-PORT and N-CEN) | Liam Clarke Insights
Vigilant Insights Introduction The SEC made changes to certain disclosure requirements recently involving N-PORT and N-CEN filings. The changes were adopted on August 28th, 2024. One of the changes requires […]
Read MoreRecordkeeping Violations Display No Slow Down | $1.3M in Fines
SEC RELEASES Introduction Recordkeeping failures have been costly for multiple Firms in the past few years. We have seen recent recordkeeping failures cause millions in […]
Read MoreSEC Swing Pricing Proposal Shelved | Fred Teufel Insights
VIGILANT INSIGHTS Introduction The SEC adopted additional requirements on August 28th, 2024, related to Forms N-PORT and N-CEN. Form N-PORTs must be filed monthly instead […]
Read MoreSEC Recordkeeping Enforcements | Bernadette Murphy Insights
VIGILANT INSIGHTS Introduction The SEC’s recent charges related to recordkeeping in August clearly indicate that the SEC has no intention of relenting. Twenty-six (26) Firms […]
Read MoreVigilant Wins 2024 Hedge Fund Compliance Award!
Vigilant Announcements Vigilant is thrilled to announce that we have been awarded as the 2024 Best Advisory Firm – Regulation and Compliance by With Intelligence for their 2024 HFM (Hedge Fund Manager) […]
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