Blog
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” […]
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 […]
Read More4 Key Takeaways from the 2022 PLI Investment Management Program
Brief Introduction On July 26th, 2022, Practising Law Institute (“PLI”) hosted their annual program for 2022 on Current Issues & Trends in Investment Management. The Director […]
Read MoreBrokerage Firm Charged by SEC for Violating Reg BI Standards
Brief Introduction On June 16th, the SEC announced that they had charged a registered broker-dealer and five of its registered representatives for violating Reg BI in their recommendation […]
Read MoreSEC Opens Request for Comments on Certain Information Providers Acting as Investment Advisers
Brief Introduction and Reminder On Wednesday, June 15th, the SEC announced that they would open any requests for comments on Certain Information Providers Acting as Investment Advisers. […]
Read More