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SEC Charges $4 Million Over Investments Misrepresented as ESG

SEC Releases Brief Introduction On November 22nd 2022, the SEC charged a major investment firm $4 Million dollars in relation to their management of Funds identified as Environmental, Social, […]

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$6.4 Billion in Penalties | SEC Enforcement Results for 2022

SEC Releases Brief Introduction The SEC announced on November 15th a large summary of their enforcement actions for the fiscal year of 2022. The SEC increased its enforcement […]

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SEC Adopts Key Reforms for Mutual Fund and ETF Disclosures

SEC Releases Brief Introduction On October 26th, the SEC adopted important disclosure reforms for the Mutual Fund and ETF industry. The expectation going forward will be […]

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New SEC Proposal | Focus on Open-End Fund Liquidity

SEC Releases Brief Introduction On November 2nd, the SEC voted to propose amendments with the goal of preparing Open-Ended Funds for future stressed conditions. The management of […]

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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 […]

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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 […]

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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, […]

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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. […]

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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 […]

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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 […]

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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” […]

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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 […]

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