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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. […]
Read MoreBreaches 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 […]
Read MoreFirst 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 […]
Read MoreSEC 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” […]
Read MoreSEC 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 […]
Read MoreRisk Alert “Reminder” | New Marketing Rule
EXAMS Issues Risk Alert on New Investment Adviser Marketing Rule Brief Introduction On Monday, September 19th, the Division of Examinations (“EXAMS”), released a Risk Alert towards upcoming review […]
Read MoreSEC Charges 9 Investment Advisers on Custody Rule and ADV Violations
Brief Introduction On September 9th, the SEC charged 9 investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their SEC […]
Read MoreSEC’s Drafted Strategic Plan for Fiscal Years 2022 to 2026
Brief Introduction to the Strategic Plan On August 24th, the SEC released a draft of their strategic plan for fiscal years 2022 to 2026 with a focus on […]
Read MoreRisk Alert Observations from Municipal Advisor Examinations
Brief Introduction On August 22, 2022, the SEC Division of Examinations (“Division”) released a Risk Alert following up from a prior Risk Alert in 2017 related […]
Read MoreSEC Emphasizes Importance of Reg BI Adherence
Brief Introduction On Tuesday, August 2, 2022, the SEC staff released a bulletin emphasizing the importance of adhering to the Investment Advisers Act and Reg BI, stating that […]
Read MoreSEC Proposed Form PF Amendments to Enhance Private Fund Reporting
Brief Introduction On August 10th, the SEC proposed amendments to Form PF which would enhance private fund reporting. Specifically, these amendments would strengthen the SEC’s investor protection capabilities and their oversight of […]
Read MoreSEC Charges Firms for Deficiencies in Customer Identity Theft Prevention
Brief Introduction On July 27th, the SEC charged two large Investment Banks and a Broker-Dealer for deficiencies in their programs to prevent customer identity theft. As a […]
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