SEC Releases Archives - Vigilant LLC

SEC Risk Alert | Annual Compliance Review Observations

SEC Releases Introduction On September 14, 2026, the SEC Division of Examinations issued a Risk Alert highlighting observations from recent examinations regarding Investment Advisers’ annual […]

Form 13F Filing Failures | $500k Penalty

SEC Releases Introduction The SEC recently announced settled charges for $500,000 against a Dually Registered Investment Adviser and Broker Dealer for failing to file required […]

“Pay-to-Play” Rule | SEC Proposes Rescission

SEC Releases Introduction On September 3, 2026, the SEC proposed rescinding Rule 206(4)-5 under the Investment Advisers Act of 1940, commonly known as the “Pay-to-Play […]

SEC Risk Alert | Lost Securityholder Rule Compliance

SEC Releases Introduction The SEC’s Division of Examinations issued a Risk Alert on August 28th, 2026, regarding compliance with Exchange Act Rule 17Ad-17, known as […]

SEC Enforcement: Pre-IPO Fund Practices Under Scrutiny

SEC Releases Introduction On August 10, 2026, the SEC charged a New York Investment Adviser that managed Private Funds investing in Pre-IPO Companies (such as […]

$489k SEC Enforcement Action | Advisory Fee Practices Lessons

SEC Releases Introduction The SEC recently announced a settled enforcement action against a $357 Million AUM RIA (Wealth Manager with a separately registered Broker/Dealer) for […]

$400k 18f-4 Fine for ETF Compliance Failures

SEC Releases Introduction The SEC charged a $14 Billion RIA with multiple ETFs $400,000 for multiple violations of the Investment Company Act of 1940, including […]

Undisclosed Conflicts Lead to $125k SEC Enforcement

SEC Releases Introduction The SEC recently announced settled charges for a civil penalty of $125,000 against a former registered investment adviser representative for failing to […]

Chairman Atkins Outlines Regulatory Vision

SEC Releases Introduction In remarks delivered to the Economic Club of New York, SEC Chairman, Paul Atkins outlined his vision for returning the Commission to […]

Custody Rule and Annual Audit Failures Lead to $75,000 SEC Penalty

SEC Releases Introduction The SEC announced settled administrative proceedings against a $1.4 Billion ($22.3 Million in Pooled Investment Vehicles) RIA that served as the investment […]

SEC Enforcement Alert: Personal Trading and Compliance Lapses Lead to $1.5 Million Settlement

SEC Releases Introduction On June 8, 2026, the SEC announced settled charges against an RIA and its former CEO arising from alleged breaches of fiduciary […]

$201K Reg BI Enforcement Action: Lessons for Firms

SEC Releases Introduction The SEC charged a New York based Broker Dealer with failing to comply with Regulation Best Interest (“Reg BI”) in connection with Mutual Fund recommendations and […]