SEC Releases Archives - Page 6 of 88

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 […]

Compliance Program Oversight Failure for an RIA Results in $150k Fine

SEC Releases Introduction The SEC announced on September 20th, 2024, that a New York RIA with $723 Million in AUM was charged $150,000 for compliance program […]

Recordkeeping Violations Display No Slow Down | $1.3M in Fines

SEC RELEASES Introduction Recordkeeping failures have been costly for multiple Firms in the past few years. We have seen recent recordkeeping failures cause millions in […]

$1.2 Million in Marketing Rule Violations | 9 Firms Charged

SEC RELEASES Introduction On September 9th, 2024, the SEC announced charges against nine (9) Firms for Marketing Rule violations. The settlements amounted to $1,240,000 in […]

3 SEC Charges | Marketing Rule, Recordkeeping, and Custody Rule

SEC RELEASES Introduction September 3rd, 2024 was a busy day for SEC Enforcement. There were Recordkeeping failures amongst six Credit Rating Agencies that saw more […]

26 Firms Fined $392 Million | Recordkeeping Failures

SEC Releases Introduction On August 14th, 2024, nearly $400 million in charges were filed against twenty-six (26) Firms by the SEC for widespread recordkeeping failures. Recordkeeping failures have continued to be a top […]

$430k Marketing Rule Fine on Hypothetical Performance

SEC RELEASES Introduction An RIA based in Washington was charged by the SEC on August 9th, 2024, for Marketing Rule Violations. The SEC continues to […]