News and Alerts

Compliance Recap: September 2020

In this issue of Vigilant’s Compliance Recap, we have highlighted some important takeaways from the month of September and some reminders for the upcoming months. New Rules, Regulations, and Guidance SEC Adopted Amendments to Modernize Shareholder Proposal Rule Useful for: Shareholders, Investors, Market Participants, Funds, and Fund Advisers SEC Adopts Amendments to Enhance Retail Investor Protections and Modernize the Rule Governing Quotations for Over-the-Counter Securities […]

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CyberSecurity Threat Mitigation Checklist

Vigilant is a trusted provider of cybersecurity consulting services. Check out our cybersecurity services to keep your firm protected from cyber-attacks. If you have any additional questions, Vigilant is happy to help! Please contact us. 

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Compliance Recap: August Monthly Newsletter

In the inaugural issue of Vigilant’s Compliance Recap, we have highlighted some important takeaways from the month of August and some reminders for the upcoming months. Upcoming Filings  Form 13H Quarterly Filing for Changes- October 9, 2020 Form 13H (large trader) quarterly filing is due for the calendar quarter end Q3 2020 for advisers that already have a […]

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SEC Adopts Amendments to “Accredited Investor” Definition

On August 26th, the SEC made amendments to the “Accredited Investor” definition in attempts to modernize it. The definition is one of the principal tests to determine the eligibility of those looking to participate in private capital markets. Previously, individual investors who did not meet specific income or net worth tests were denied the opportunity to invest in multifaceted and […]

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Vigilant Celebrates 16 Years of Compliance Excellence

Vigilant celebrates 16 successful years in business as of August 15th, 2020. Vigilant was founded by Savatore Faia, JD, CPA, CFE on August 15th, 2004.   Since its founding, Vigilant has extensive experience working for various types of companies with a wide range of AUMs and specialties. Vigilant’s experience includes PRivate Equity Firms, Mutual Funds, ETFs, […]

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OCIE Releases Risk Alert for Broker-Dealers and Investment Advisers

On August 12th, 2020 the OCIE Released a Risk Alert covering COVID-19 Compliance Risks and Considerations for Investment Advisers and Broker-Dealers. The OCIE identified numerous issues related to COVID-19 that are relevant to RIA’s and Broker-Dealers. Market Volatility is said to be a factor in these risks and has most definitely heightened them. The Alert […]

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OCIE Cybersecurity Alert: Ransomware Attacks

The Office of Compliance Inspections and Examinations (OCIE) Released a cybersecurity alert on July 10th 2020, to warn financial services market participants and local authorities of recent threats of phishing. These attacks have been specifically targeted towards SEC registrants, which include broker-dealers, investment advisers, and investment companies. These threats are campaigns designed to attack financial institution networks and allow the perpetrators […]

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Multi-Billion Dollar Fund Complex Selects Herald Investment Marketing as their Preferred Provider-Market Watch

Herald’s Press Release is featured on Market Watch, click here to read the full release!      

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SEC Extends Relief for Virtual Meetings of Fund Boards

The SEC initially provided relief from the in-person voting requirements for fund boards in March 2020, and has now extended that relief until at least December 31, 2020.  The SEC is providing this extension given the current circumstances and to provide flexibility for boards of registered funds and business development companies.   In March, the Commission also provided relief […]

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Multi-Billion Dollar Fund Complex Selects Herald Investment Marketing as their Preferred Provider

Herald Investment Marketing (“HIM”) is pleased to announce that it has recently been selected as the Preferred Provider of Principal Underwriter/ Distributor services for a Multi-Billion Dollar Fund Complex. Since its establishment on May 22, 2017, HIM has continued to experience excellent growth, year over year. HIM President, Patrick Chism credits this growth to HIM’s […]

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Registered Investment Advisors with Retail Investors Must File Form CRS by June 30, 2020

All SEC Registered Investment Advisors that have retail investors must file a FORM CRS relationship summary no later than June 30, 2020. Retail Investors are defined as individual investors meaning a natural person who receives such services for personal purposes. If the adviser only advises hedge funds, private equity funds and venture capital funds (pooled Investment vehicles) […]

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Private Equity Enforcement Action

On May 26, 2020, Los Angles based private equity firm managing over $100 Billion in RAUM, Ares Management, LLC, agreed to pay 1 Million dollars to settle charges. The firm had failed to implement and enforce policies and procedures created to prevent the misuse of material nonpublic information. Violating the compliance policies and procedures requirements […]

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