Blog
Director of Enforcement Division Talks AI | Key Takeaways
SEC RELEASES Introduction Artificial Intelligence (“AI”) continues to grab the attention of regulators that are trying to stay ahead of the risks to investors. In […]
Read MoreSEC Marketing Rule Risk Alert | Thayne Gould Reacts
Vigilant Insights Introduction The SEC has sent out its third risk alert related to the Marketing Rule. With the most recent enforcement activity occurring this month, the industry is working […]
Read MoreFiduciary Duty and FINRA Enforcement | Patrick Chism Insights
Vigilant Insights Introduction Vigilant Managing Director, Patrick Chism, was quoted in a recent Ignites article related to the FINRA investigation of a Firm for its use of fee-waivers. The […]
Read More“SEC Speaks 2024” Key Takeaways
SEC Releases Introduction Recently, the SEC Chair, multiple Commissioners, and Directors gave their opinions about the state of the regulatory environment. Some notable speakers included SEC Chair, Gary Gensler, […]
Read MoreSEC Risk Alert | Marketing Rule Compliance
SEC Releases Introduction On the heels of last week’s SEC announcement of 5 RIAs being charged for Marketing Rule Violations, on Wednesday, April 17th, the Division of Examinations (the […]
Read MoreRIA Pay-To-Play Violation Involving a Campaign Contribution
SEC Releases Introduction On April 15, 2024, the SEC announced an RIA violated the Pay-To-Play Rule by continuing to receive compensation from a government entity within two years after […]
Read MoreSEC Marketing Rule Violations | 5 RIAs Charged
SEC Releases Introduction The SEC announced on Friday, April 12th, that they have charged five (5) Registered Investment Advisers (“RIAs”) for Marketing Rule Violations. This was focused […]
Read MoreMisleading AI Statements | Fred Teufel Reacts
Vigilant Insights Introduction The SEC announced last month that two (2) Investment Advisers were charged $400,000 for misleading statements related to their use of Artificial […]
Read MoreRecordkeeping and Code of Ethics Failures | $6.5 Million RIA Fine
SEC RELEASES Introduction On April 3rd, the SEC announced charges against a Registered Investment Adviser (“RIA”) for “widespread and longstanding failures” regarding the recordkeeping of […]
Read MoreVigilant Compliance Newsletter | March 2024
Monthly Newsletter In March, we saw SEC Charges, SEC Statements, and Vigilant Announcements. Below is a brief overview of what took place in the month of […]
Read MoreFirst FINRA Fine for Use of Social Media Influencers
FINRA Introduction FINRA recently announced its first enforcement action related to the use of Social Media Influencers. This stems from FINRA’s Targeted Exam of Firm […]
Read MoreSEC Adopts Amendments Affecting Internet Investment Advisers
SEC Releases Introduction The SEC adopted amendments that affect the way Internet Investment Advisers register, particularly with small Investment Advisers. Although the different potential rule adoptions in 2024 address many topics, […]
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