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AI Oversight is Lacking for Firms | Maxwell Baker Insights
Vigilant Insights Introduction A recent survey that will be released in November reveals that although a majority of Financial Service Firms are considering the use of […]
Read More2025 Examination Priorities | Maxwell Baker Insights
VIGILANT INSIGHTS Introduction With the 2025 SEC exam priorities released last week, compliance professionals are analyzing their programs to ensure that they meet the regulatory requirements. The use […]
Read MoreCybersecurity Demand Increases for Pension Funds | Laura Arnott Insights
VIGILANT INSIGHTS Introduction Cybersecurity continues to be a focus area for the SEC and the rest of the Financial Services and Investment Management industry. As […]
Read MoreFund Misstatements Lead to $4 Million SEC Charge
SEC Releases Introduction On October 21st, the SEC announced a $4 Million Charge to a NY RIA for compliance failures and making misstatements. The RIA was marketing an Investment […]
Read More2025 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 […]
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