Vigilant Insights Archives - Page 7 of 15

Pay-to-Play Violations | Maxwell Baker Insights

Vigilant Insights Introduction A Texas Firm was charged a $95,000 penalty on August 19th for violating the Pay-to-Play Rule. This occurred because an employee had donated over $7,000 to an elected official who’s […]

SEC Sweep for AI Use | Fred Teufel Insights

VIGILANT INSIGHTS Introduction The use of Artificial Intelligence (“AI”) by Registered Investment Advisers (“RIAs”) and Broker Dealers is one of the many targets for SEC […]

Tailored Shareholder Reports Rule | Liam Clarke Insights

VIGILANT INSIGHTS Introduction With the most recent compliance date of July 24th, the Tailored Shareholder Reports Rule is already causing major changes in the way […]

SEC Tailored Shareholder Reports Rule | Liam Clarke Insights

VIGILANT INSIGHTS Introduction The SEC’s Tailored Shareholder Reports Rule had a Compliance Date on July 24th, 2024. As Funds make all the necessary changes to […]

Compliance Implications from Supreme Court Rulings

VIGILANT INSIGHTS Introduction Last month, the Supreme Court overturned the Chevron Doctrine which will likely have a lasting impact on regulatory agencies. As the SEC’s […]

Outsourced Compliance Considerations | Chuck Martin Insights

Vigilant Insights Introduction As Firms continue to commit more time and resources to compliance, many choose to partner with compliance consultants to either fill their […]

Compliance Risks from Political Contributions | Donna DiMaria Insights

VIGILANT INSIGHTS Introduction The Pay-To-Play Rule for Investment Advisors provides on-going compliance difficulties for Firms, especially in an election year. This topic can be complex […]

Firms Struggling with the Marketing Rule | Will Clark Insights

VIGILANT INSIGHTS Introduction As the SEC investigates and charges Firms for Marketing Rule violations, it has been reported that Private Funds and Separately Managed Account […]

Dangers of Social Media Influencers | Thayne Gould Reacts

VIGILANT INSIGHTS Introduction As the Marketing Rule continues to be a major topic for enforcement in 2024, it would be prudent for Firms to have […]

SEC Marketing Rule Risk Alert | Thayne Gould Reacts

Vigilant Insights Introduction The SEC has sent out its third risk alert related to the Marketing Rule. With the most recent enforcement activity occurring this month, the industry is working […]

Fiduciary Duty and FINRA Enforcement | Patrick Chism Insights

Vigilant Insights Introduction Vigilant Managing Director, Patrick Chism, was quoted in a recent Ignites article related to the FINRA investigation of a Firm for its use of fee-waivers. The […]

Misleading AI Statements | Fred Teufel Reacts

Vigilant Insights Introduction The SEC announced last month that two (2) Investment Advisers were charged $400,000 for misleading statements related to their use of Artificial […]