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Risk Alert Focused on RICs | Division of Examinations
SEC RELEASES Introduction On November 4th, 2024, the Division of Examinations (EXAMS) released a risk alert for Registered Investment Companies (RICs). Risk alerts are an […]
Read More2025 Division of Examinations Exam Priorities
SEC Releases Introduction On October 21st, 2024, the Division of Examinations (EXAMS) released their 2025 Examination Priorities. There is detailed coverage on many important areas and we have […]
Read MoreMisleading AI Marketing Statements | $523k SEC Charge
SEC RELEASES Introduction On October 10th, the SEC announced charges against a Firm and its controlling members for their use of AI in advertising, and […]
Read MoreReg BI Violations Result in $325k Charge for Broker Dealer
SEC RELEASES Introduction The SEC announced charges against a Broker Dealer on September 18th, 2024, for violations pertaining to Regulation Best Interest (“Reg BI”). Broker […]
Read MoreCompliance Program Oversight Failure for an RIA Results in $150k Fine
SEC Releases Introduction The SEC announced on September 20th, 2024, that a New York RIA with $723 Million in AUM was charged $150,000 for compliance program […]
Read MoreRecordkeeping Violations Display No Slow Down | $1.3M in Fines
SEC RELEASES Introduction Recordkeeping failures have been costly for multiple Firms in the past few years. We have seen recent recordkeeping failures cause millions in […]
Read More$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 […]
Read More3 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 […]
Read More26 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 […]
Read More$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 […]
Read MoreCybersecurity 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 […]
Read MoreFalse 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 […]
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