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Cybersecurity Violations Result in $2.1 Million Penalty
SEC RELEASES Introduction A corporation was charged by the SEC on June 18th, 2024, for Cybersecurity Failures relating to control and procedure failures, along with […]
Read MoreSEC Chair and Commissioners Discuss AI | SEC Releases
SEC RELEASES Introduction Artificial intelligence (“AI”) is a continued hot topic in the industry as Firms work to find efficient ways to provide services to […]
Read MoreRisk Alert on Broker Dealer Examinations
SEC RELEASES Introduction The SEC released a Risk Alert on June 5th, 2024, explaining their examination processes on Broker Dealers. The Risk Alert discusses how […]
Read MorePrivate Fund Rule Overturned by Appeals Court
NEWS AND ALERTS Court Opinion in the 5th Circuit Introduction The Private Fund Rules adopted in August of 2023, with compliance dates for some Firms […]
Read MoreHow to Cooperate During SEC Investigations | SEC Releases
SEC Releases Introduction On May 23rd, SEC Director, Division of Enforcement, Gurbir Grewal, spoke at the Securities Enforcement Forum West about the importance of cooperation […]
Read MoreFalse Statements and Conflicts of Interest | Firm and Co-Founder Charged
SEC RELEASES Introduction On May 29th, the SEC announced charges against a previous RIA and its Co-Founder for statements made to investors and undisclosed conflicts […]
Read MoreReg SCI Failures | $10 Million SEC Charge
SEC RELEASES Introduction On May 22nd, the SEC announced a $10 million penalty against a business for failing to notify the SEC of a cybersecurity […]
Read MoreSEC and FinCEN Propose New Rule for Customer Identification Program
SEC RELEASES Introduction On May 13th, the SEC and FinCEN issued a joint proposal for customer identification program obligations to apply to certain investment advisers. […]
Read MoreSEC Adopts Amendments to Regulation S-P
SEC RELEASES Introduction The SEC adopted amendments to Regulation S-P that was originally first proposed on March 15th, 2023. These amendments will apply to the […]
Read MoreThe Marketing Rule and the Public Good | Gary Gensler Takeaways
SEC RELEASES Introduction SEC Chair, Gary Gensler, recently spoke at the 11th Annual Conference on Financial Market Regulation. In his speech, he provides some insight into how the SEC leadership values accurate […]
Read MoreDangers of Social Media Influencers | Thayne Gould Reacts
VIGILANT INSIGHTS Introduction As the Marketing Rule continues to be a major topic for enforcement in 2024, it would be prudent for Firms to have […]
Read MoreVigilant Compliance Newsletter | April 2024
Monthly Newsletter In April, we saw Vigilant Insights, SEC Charges, SEC Releases, and a FINRA Fine. Below is a brief overview of what took place in the month […]
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