SEC Releases

SEC Charges $35 Million Over Failures to Protect “PII”

SEC Charges $35 Million Over Failures to Protect “PII” Brief Introduction On September 20th, the SEC charged a well known Firm with a $35 Million penalty over […]

Read More

Risk Alert “Reminder” | New Marketing Rule

EXAMS Issues Risk Alert on New Investment Adviser Marketing Rule Brief Introduction On Monday, September 19th, the Division of Examinations (“EXAMS”), released a Risk Alert towards upcoming review […]

Read More

SEC Charges 9 Investment Advisers on Custody Rule and ADV Violations

Brief Introduction On September 9th, the SEC charged 9 investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their SEC […]

Read More

SEC’s Drafted Strategic Plan for Fiscal Years 2022 to 2026

Brief Introduction to the Strategic Plan On August 24th, the SEC released a draft of their strategic plan for fiscal years 2022 to 2026 with a focus on […]

Read More

Risk Alert Observations from Municipal Advisor Examinations

Brief Introduction On August 22, 2022, the SEC Division of Examinations (“Division”) released a Risk Alert following up from a prior Risk Alert in 2017 related […]

Read More

SEC Emphasizes Importance of Reg BI Adherence

Brief Introduction On Tuesday, August 2, 2022, the SEC staff released a bulletin emphasizing the importance of adhering to the Investment Advisers Act and Reg BI, stating that […]

Read More

SEC Proposed Form PF Amendments to Enhance Private Fund Reporting

Brief Introduction On August 10th, the SEC proposed amendments to Form PF which would enhance private fund reporting. Specifically, these amendments would strengthen the SEC’s investor protection capabilities and their oversight of […]

Read More

SEC Charges Firms for Deficiencies in Customer Identity Theft Prevention

Brief Introduction On July 27th, the SEC charged two large Investment Banks and a Broker-Dealer for deficiencies in their programs to prevent customer identity theft. As a […]

Read More

4 Key Takeaways from the 2022 PLI Investment Management Program

Brief Introduction On July 26th, 2022, Practising Law Institute (“PLI”) hosted their annual program for 2022 on Current Issues & Trends in Investment Management.  The Director […]

Read More

Brokerage Firm Charged by SEC for Violating Reg BI Standards

Brief Introduction On June 16th, the SEC announced that they had charged a registered broker-dealer and five of its registered representatives for violating Reg BI in their recommendation […]

Read More

SEC Opens Request for Comments on Certain Information Providers Acting as Investment Advisers

Brief Introduction and Reminder On Wednesday, June 15th, the SEC announced that they would open any requests for comments on Certain Information Providers Acting as Investment Advisers. […]

Read More

SEC Imposes Largest Penalty Ever Against an Audit Firm

Brief Introduction On Tuesday, June 28th, the SEC announced that they charged a well known Audit Firm for employees cheating on the CPA Ethics Exam and withholding evidence […]

Read More