Vigilant Insights
RIC Risk Alert | Bernadette Murphy Insights
VIGILANT INSIGHTS Introduction The SEC recently released a Risk Alert focusing on frequent deficiencies found during their examinations of Registered Investment Companies (“RICs”). They have […]
Read MoreAI Oversight is Lacking for Firms | Maxwell Baker Insights
Vigilant Insights Introduction A recent survey that will be released in November reveals that although a majority of Financial Service Firms are considering the use of […]
Read More2025 Examination Priorities | Maxwell Baker Insights
VIGILANT INSIGHTS Introduction With the 2025 SEC exam priorities released last week, compliance professionals are analyzing their programs to ensure that they meet the regulatory requirements. The use […]
Read MoreCybersecurity Demand Increases for Pension Funds | Laura Arnott Insights
VIGILANT INSIGHTS Introduction Cybersecurity continues to be a focus area for the SEC and the rest of the Financial Services and Investment Management industry. As […]
Read MoreMany Firms Abandon Prime Institutional Funds | Fred Teufel Insights
VIGILANT INSIGHTS Introduction As the SEC’s new liquidity and fee requirements went into effect Wednesday, October 2nd, 2024, many Firms have decided to terminate or […]
Read More$3.4 Million in Fines for Form 13F Failures | Michael Hogan Insights
VIGILANT INSIGHTS Introduction Multiple Firms were fined a combined $3.4 million in penalties for failing to file Form 13F in a timely manner. Form 13F […]
Read MoreSEC Disclosure Amendments (N-PORT and N-CEN) | Liam Clarke Insights
Vigilant Insights Introduction The SEC made changes to certain disclosure requirements recently involving N-PORT and N-CEN filings. The changes were adopted on August 28th, 2024. One of the changes requires […]
Read MoreSEC Swing Pricing Proposal Shelved | Fred Teufel Insights
VIGILANT INSIGHTS Introduction The SEC adopted additional requirements on August 28th, 2024, related to Forms N-PORT and N-CEN. Form N-PORTs must be filed monthly instead […]
Read MoreSEC Recordkeeping Enforcements | Bernadette Murphy Insights
VIGILANT INSIGHTS Introduction The SEC’s recent charges related to recordkeeping in August clearly indicate that the SEC has no intention of relenting. Twenty-six (26) Firms […]
Read MoreWeathering the Storm: Successful Compliance in A Regulatory Whirlwind
Vigilant Insights Introduction There is little to argue that compliance success has become a more difficult achievement in the past few years. Firms discovered early on that more resources than ever would be […]
Read MoreCustody Rule Violations | Will Clark Insights
VIGILANT INSIGHTS Introduction A New York Firm was charged $75,000 for allegedly violating custody and compliance rules in relation to their audited financial statements. The […]
Read MoreSEC Charges for Off-Channel Communications | Donna DiMaria Insights
VIGILANT INSIGHTS Introduction The industry received a big reminder this month that the SEC continues to target off-channel communications by Firms, with Twenty-Six (26) Firms […]
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