SEC Releases Archives - Page 14 of 88

SEC Adopts Rules to Enhance Proxy Voting Disclosure

SEC Releases Brief Introduction The SEC announced Today, November 2nd, that they have adopted Amendments to Form N-PX. This will enhance the proxy vote reporting for Mutual Funds, ETFs, and […]

SEC Proposes Rule for Outsourcing by Investment Advisers

SEC Releases Overview: Proposed Rule 206(4)-11 – Service Provider Oversight On October 27, 2022, the Securities and Exchange Commission (“SEC”) proposed Rule 206(4)-11 under the Investment Advisers […]

New SEC Rule Amends Modern Preservation of Electronic Records

SEC Releases Brief Introduction On October 12th, the SEC voted to amend the electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements for security-based swap dealers, […]

Malfunction On Commenting For 11 Rulemaking Releases

SEC Releases Brief Introduction The SEC routinely opens a comment period for rulemaking releases to allow any interested and affected persons the chance to give their input. […]

Breaches of Fiduciary Duty and Compliance Failures | SEC Charge

SEC Releases Brief Introduction Last month, an Investment Adviser was charged by the SEC with a $200,000 civil penalty and required to pay clients $575,589 in restitution for “breaches of fiduciary […]

First SEC Fine Under The Municipal Advisor Registration Rule

Brief Introduction For the first time under the municipal advisor registration rule, the SEC fined a Registered Broker Dealer for a violation of the Rule with $100,000.00 in penalties and […]

SEC Charges $1.1 Billion to 16 Wall Street Firms

SEC Charges $1.1 Billion to 16 Firms Brief Introduction On September 27th, the SEC charged 16 firms over $1.1 Billion in penalties for “widespread and longstanding failures” […]

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 […]

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 […]

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 […]

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 […]

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 […]