SEC Releases
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 MoreSEC Adopts Rules to Require Electronic Filings
Brief Introduction On Thursday, June 23rd, the SEC adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to […]
Read MoreSpring 2022 Regulatory Agenda | SEC Announcements
Brief Introduction On Wednesday, June 22nd, the SEC announced that the Office of Information and Regulatory Affairs released the Spring 2022 Unified Agenda of Regulation and Deregulatory […]
Read MoreSEC Charges Private Equity Adviser for Failing to Disclose Disproportionate Expense Allocations to Fund
Brief Introduction Today, June 14th, the SEC announced that they charged a Private Equity Adviser with allocating undisclosed, disproportionate expenses to a private equity fund it advises. […]
Read MoreSEC’s First-Ever Enforcement Proceeding Under Section 11 Of The Investment Company Act Of 1940
Brief Introduction Last week, the SEC’s first-ever enforcement proceeding under Section 11 of the Investment Company Act of 1940 occurred for improper switching or replacement of variable annuities. […]
Read MoreSEC Proposes New Rule Towards ESG Investment Practices
Brief Introduction On Wednesday, May 25th, the SEC released Proposed ESG Related Amendments for Funds and Advisers. Who Does This Apply To? This Proposed Rule is applicable to […]
Read MoreSEC Fines RIA $760k+ Over Wrap Fees
Brief Introduction | SEC Fines RIA $760k+ Over Wrap Fees Recently, the SEC fined an RIA Firm over $760,000+ over Wrap Fees. The RIA and its advisors […]
Read MoreRISK ALERT | Investment Adviser MNPI Compliance Issues
Brief Introduction On April 26, 2022, the SEC Division of Examinations (“EXAMS”) noted common deficiencies related to Section 204A and the Code of Ethics Rule […]
Read MoreSEC Proposes Rules Towards SPACs, Shell Companies, and Projections
Brief Introduction The SEC recently proposed new rules and regulations to increase investor protection in initial public offerings (IPOs) through special purpose acquisition companies (SPACs), as […]
Read MoreSEC Releases 2022 Examination Priorities
Brief Introduction to the 2022 Examination Priorities On Wednesday, March 30th, the Division of Examinations (“EXAMS”) released the 2022 Examination Priorities. Vigilant has broken down the key […]
Read MoreSEC Proposes Rules for Climate-Related Disclosures
Brief Introduction The SEC released proposed rule changes for certain climate-related disclosures on March 21st to provide investors with consistent, comparable, and decision-useful information for making their investment […]
Read MoreSEC Proposes Multiple Rule Changes to Protect Investors
Brief Introduction On Friday, February 25th, the SEC announced the release of proposed Rule changes to Short Sale Disclosures, Order Making Requirements, and CAT Amendments. 4 Takeaways […]
Read More