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Misleading Cybersecurity Disclosure Leads to SEC Charges
SEC RELEASES Introduction On January 13, 2025, charges were announced against an Alternative Asset Management Company for false and misleading cybersecurity disclosures. Cybersecurity was a […]
Read MoreSEC’s Anticipated Regulatory Outlook | Chuck Martin Insights
Vigilant Insights Introduction The SEC started off their Fiscal Year with a record number of enforcement actions. As the industry anticipates a change in the regulatory environment, […]
Read MoreImproper Private Fund Expenses | Managers and Owner Charged
SEC RELEASES Introduction The SEC settled charges against two (2) Fund Managers and the Sole Owner for expenses charged to their Private Funds. The SEC […]
Read MoreRecord Number of SEC Enforcement Actions | Q1 of FY 2025
SEC Releases Introduction The SEC recently announced the results of their Enforcement Actions for the first quarter of their 2025 fiscal year. The number of Enforcement Actions is at […]
Read MoreVigilant Shortlisted for 2025 Fund Compliance Award
VIGILANT ANNOUNCEMENTS Vigilant is thrilled to announce that we have been shortlisted for the following award below by With Intelligence for their 2025 Operations and Services Awards. Best Compliance […]
Read More$63.1 Million in Penalties for Recordkeeping Failures (12 Firms Charged)
SEC RELEASES Introduction The SEC continues to investigate and charge Firms that fail to meet regulatory requirements around recordkeeping. On January 13, 2025, nine (9) […]
Read MoreNames Rule FAQ Released by the SEC
SEC RELEASES Introduction The SEC recently published an FAQ to answer certain industry questions surrounding the amendments to the Names Rule adopted in 2023. The […]
Read More3 Firms Charged for Delayed Form D Filings
SEC RELEASES Introduction Three (3) Firms were charged $430,000 in total on December 20th, 2024 for failing to timely file Form D for Unregistered Securities […]
Read MoreVigilant Compliance Newsletter | December 2024
Monthly Newsletter In December, there were important releases that contained both Vigilant Insights and SEC Releases content. There was also a Vigilant Announcement regarding a recent Award Win. Below is a […]
Read MoreFirm Charged $15 Million for Failure to Prevent and Detect Fraud
SEC RELEASES Introduction After four investment advisers and registered representatives (hereby, financial advisors) were charged with stealing millions of dollars, their firm was charged a […]
Read MoreThe Importance of Compliance Testing | Vigilant Insights
Vigilant Insights Introduction As Firms finalize their compliance programs from 2024, a common concern for Compliance Officers focuses on Annual Testing. Compliance Testing is an essential […]
Read MorePaul Atkins Nominated as SEC Chair | Salvatore Faia Insights
VIGILANT INSIGHTS Introduction On December 4th, 2024, Paul Atkins was nominated by president-elect, Donald Trump, to take over for current SEC Chair, Gary Gensler. This […]
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