Blog
$1.2 Million in Marketing Rule Violations | 9 Firms Charged
SEC RELEASES Introduction On September 9th, 2024, the SEC announced charges against nine (9) Firms for Marketing Rule violations. The settlements amounted to $1,240,000 in […]
Read More3 SEC Charges | Marketing Rule, Recordkeeping, and Custody Rule
SEC RELEASES Introduction September 3rd, 2024 was a busy day for SEC Enforcement. There were Recordkeeping failures amongst six Credit Rating Agencies that saw more […]
Read MoreVigilant Shortlisted for ETF Compliance and Distributor Awards
Vigilant Announcements Vigilant is thrilled to announce that we have been shortlisted for the following awards below by ETF Express for their 2024 US ETF Awards. Vigilant Distributors, […]
Read MoreWeathering the Storm: Successful Compliance in A Regulatory Whirlwind
Vigilant Insights Introduction There is little to argue that compliance success has become a more difficult achievement in the past few years. Firms discovered early on that more resources than ever would be […]
Read MoreCustody Rule Violations | Will Clark Insights
VIGILANT INSIGHTS Introduction A New York Firm was charged $75,000 for allegedly violating custody and compliance rules in relation to their audited financial statements. The […]
Read MoreSEC Charges for Off-Channel Communications | Donna DiMaria Insights
VIGILANT INSIGHTS Introduction The industry received a big reminder this month that the SEC continues to target off-channel communications by Firms, with Twenty-Six (26) Firms […]
Read MorePay-to-Play Violations | Maxwell Baker Insights
Vigilant Insights Introduction A Texas Firm was charged a $95,000 penalty on August 19th for violating the Pay-to-Play Rule. This occurred because an employee had donated over $7,000 to an elected official who’s […]
Read MoreSEC Sweep for AI Use | Fred Teufel Insights
VIGILANT INSIGHTS Introduction The use of Artificial Intelligence (“AI”) by Registered Investment Advisers (“RIAs”) and Broker Dealers is one of the many targets for SEC […]
Read MoreTailored Shareholder Reports Rule | Liam Clarke Insights
VIGILANT INSIGHTS Introduction With the most recent compliance date of July 24th, the Tailored Shareholder Reports Rule is already causing major changes in the way […]
Read More26 Firms Fined $392 Million | Recordkeeping Failures
SEC Releases Introduction On August 14th, 2024, nearly $400 million in charges were filed against twenty-six (26) Firms by the SEC for widespread recordkeeping failures. Recordkeeping failures have continued to be a top […]
Read More$430k Marketing Rule Fine on Hypothetical Performance
SEC RELEASES Introduction An RIA based in Washington was charged by the SEC on August 9th, 2024, for Marketing Rule Violations. The SEC continues to […]
Read MoreVigilant Shortlisted for Alternative Credit Compliance Award
Vigilant Announcements Vigilant is thrilled to announce that we have been shortlisted for the Compliance Service of the Year Award by Alternative Credit Investor. Alternative Credit Investor has […]
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