SEC Releases Archives - Vigilant LLC

$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 […]

Cybersecurity Violations Result in $2.1 Million Penalty

SEC RELEASES Introduction A corporation was charged by the SEC on June 18th, 2024, for Cybersecurity Failures relating to control and procedure failures, along with […]

False Statements and Conflicts of Interest | Firm and Co-Founder Charged

SEC RELEASES Introduction On May 29th, the SEC announced charges against a previous RIA and its Co-Founder for statements made to investors and undisclosed conflicts […]

SEC and FinCEN Propose New Rule for Customer Identification Program

SEC RELEASES Introduction On May 13th, the SEC and FinCEN issued a joint proposal for customer identification program obligations to apply to certain investment advisers. […]

SEC Adopts Amendments to Regulation S-P

SEC RELEASES Introduction The SEC adopted amendments to Regulation S-P that was originally first proposed on March 15th, 2023. These amendments will apply to the […]

The Marketing Rule and the Public Good | Gary Gensler Takeaways

SEC RELEASES Introduction SEC Chair, Gary Gensler, recently spoke at the 11th Annual Conference on Financial Market Regulation. In his speech, he provides some insight into how the SEC leadership values accurate […]

Director of Enforcement Division Talks AI | Key Takeaways

SEC RELEASES Introduction Artificial Intelligence (“AI”) continues to grab the attention of regulators that are trying to stay ahead of the risks to investors. In […]

“SEC Speaks 2024” Key Takeaways

SEC Releases Introduction Recently, the SEC Chair, multiple Commissioners, and Directors gave their opinions about the state of the regulatory environment. Some notable speakers included SEC Chair, Gary Gensler, […]

SEC Risk Alert | Marketing Rule Compliance

SEC Releases Introduction On the heels of last week’s SEC announcement of 5 RIAs being charged for Marketing Rule Violations, on Wednesday, April 17th, the Division of Examinations (the […]