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New SEC Risk Alert on the Marketing Rule
SEC Releases Brief Introduction In an increasingly aggressive regulatory environment, many compliance professionals are erring on the side of caution when interacting with the new Marketing […]
Read MoreVigilant Selected as Best Outsourced Solution and Best Regulatory Advisory & Compliance Firm
Vigilant Announcements Vigilant is thrilled to announce that we have been selected as the Best Outsourced Solution and Best Regulatory Advisory & Compliance Firm by Hedgeweek in conjunction with Bloomberg for […]
Read More5 Rising Topics in the Compliance Industry | 2023
Vigilant Insights Brief Introduction In an increasingly dynamic regulatory environment, finding financial success for your Firm without also finding compliance success appears to be highly […]
Read MoreReg BI May Be A Major Source Of Future Enforcement Action
Vigilant Insights Brief Introduction Under Regulation BI (“Reg BI”), Firms are expected to act in the best interests of their customers. This requires full and fair disclosing, reasonable […]
Read MoreVigilant Monthly Newsletter | May 2023
Monthly Newsletter In May, we saw SEC/FINRA Releases and News and Alerts throughout the Industry. Below is a brief overview of what took place in […]
Read MorePrivate Fund Compliance Failures Bring SEC Charges for RIA
SEC Releases Brief Introduction A New York RIA was charged $275,000 by the SEC on May 24th for Compliance failures related to their valuation of Private Funds. In addition to the penalties, […]
Read MoreESG Issues Remain Major Focus for SEC Investigations
News and Alerts Brief Introduction The SEC has yet to finalize their proposals related to ESG disclosure. However, Firms that advertise ESG in their materials should be prepared to […]
Read MoreCybersecurity Investor Protection | SEC Commissioner Update
SEC Releases Brief Introduction SEC Commissioner, Jaime Lizarrage, spoke at the Digital Directs Network on May 16th. He discussed how the SEC is pushing for all market actors […]
Read MoreFINRA Expels First Broker Dealer Under Regulation BI
FINRA Brief Introduction A New York Firm was expelled by FINRA on May 12th related to multiple Regulation BI violations. This would be the first […]
Read MoreSEC Continues Heightened Focus on Recordkeeping Failures
SEC Releases Brief Introduction On May 11th, two Broker Dealer Firms were charged by the SEC for “widespread and longstanding failures” relating to SEC recordkeeping requirements, specifically […]
Read MoreSEC Marketing Rule Enforcements Appear Inevitable
News and Alerts Brief Introduction The SEC Marketing Rule has been in full effect with a compliance date of November 4th, 2022. Recently, the Investment Adviser Association (“IAA”) […]
Read MoreFirst Charges Ever Filed by the SEC for Liquidity Requirement Violations
SEC Releases Brief Introduction On May 5th, the SEC charged a Firm $476,000 in disgorgement and civil penalties for aiding and abetting Liquidity Rule Violations by a Mutual Fund […]
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