SEC Releases Archives - Vigilant LLC

$63.1 Million in Penalties for Recordkeeping Failures (12 Firms Charged)

SEC RELEASES Introduction The SEC continues to investigate and charge Firms that fail to meet regulatory requirements around recordkeeping. On January 13, 2025, nine (9) […]

Names Rule FAQ Released by the SEC

SEC RELEASES Introduction The SEC recently published an FAQ to answer certain industry questions surrounding the amendments to the Names Rule adopted in 2023. The […]

3 Firms Charged for Delayed Form D Filings

SEC RELEASES Introduction Three (3) Firms were charged $430,000 in total on December 20th, 2024 for failing to timely file Form D for Unregistered Securities […]

Firm Charged $15 Million for Failure to Prevent and Detect Fraud

SEC RELEASES Introduction After four investment advisers and registered representatives (hereby, financial advisors) were charged with stealing millions of dollars, their firm was charged a […]

Form PF Failures | $790k in Fines

SEC Releases Introduction Charges were announced on December 13th, 2024, against seven (7) Private Fund Advisers due to their failure to file Form PF. Private Fund Advisers with at […]

2024 SEC Enforcement Results

SEC Releases Introduction The SEC has released their enforcement results for fiscal year 2024. This year was a record-setting year for financial penalties and remedies. As SEC Chair, Gary […]

Key Takeaways from the SEC Compliance Outreach Seminar

SEC Releases Introduction Today, November 7th, the SEC just completed their National Compliance Program Outreach Seminar. There were opening remarks made by SEC Chair, Gary Gensler and […]

Risk Alert Focused on RICs | Division of Examinations

SEC RELEASES Introduction On November 4th, 2024, the Division of Examinations (EXAMS) released a risk alert for Registered Investment Companies (RICs). Risk alerts are an […]

Fund Misstatements Lead to $4 Million SEC Charge

SEC Releases Introduction On October 21st, the SEC announced a $4 Million Charge to a NY RIA for compliance failures and making misstatements. The RIA was marketing an Investment […]

2025 Division of Examinations Exam Priorities

SEC Releases Introduction On October 21st, 2024, the Division of Examinations (EXAMS) released their 2025 Examination Priorities. There is detailed coverage on many important areas and we have […]

Misleading AI Marketing Statements | $523k SEC Charge

SEC RELEASES Introduction On October 10th, the SEC announced charges against a Firm and its controlling members for their use of AI in advertising, and […]

Reg BI Violations Result in $325k Charge for Broker Dealer

SEC RELEASES Introduction The SEC announced charges against a Broker Dealer on September 18th, 2024, for violations pertaining to Regulation Best Interest (“Reg BI”). Broker […]