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How 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 […]
Read MoreDirector 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, […]
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