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2025 Division of Examinations Exam Priorities
SEC Releases Introduction On October 21st, 2024, the Division of Examinations (EXAMS) released their 2025 Examination Priorities. There is detailed coverage on many important areas and we have […]
Read MoreMisleading 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 […]
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