SEC Releases Archives - Page 3 of 10

$81 Million Fines for Recordkeeping Failures (RIAs/BDs)

SEC Releases Introduction The SEC just announced that sixteen (16) Firms have been penalized $81 Million for widespread and longstanding recordkeeping failures. The types of Firms charged were: Affiliated Investment […]

SEC Adopts Rules Relating to SPACs, Shell Companies, and Projections

SEC Releases Introduction On January 24th, the SEC adopted final rules and amendments to enhance disclosures and provide additional investor protections in initial public offerings (IPOs) by special purpose […]

Top SEC Releases and Vigilant Insights from 2023

Vigilant Insights “For an Understanding of the Future, look at the Past” As we start the first quarter of 2024, it is important to look […]

Private Equity Adviser Charged $4 Million for Compliance Failures

SEC Releases Introduction The SEC announced on December 26th that a New York Private Equity RIA was charged for Policies and Procedures failures, specifically related to failing to supervise. These failures […]

SEC Enforcement Results for FY 2023 | Key Stats and Trends

SEC Releases Introduction On November 14th, the SEC released their enforcement results for the Fiscal Year 2023. The amount of enforcements has increased from 2022. SEC Chair, Gary Gensler, discussed […]

Failure to Provide Proper Disclosures Leads to $2.5 Million Penalty

SEC Releases Brief Introduction Recently, the SEC charged a well-known Investment Adviser for failures involving the description of investments within a Publicly Traded Fund it advised. The Firm […]

Importance of Proactive Compliance | SEC’s Gurbir Grewal Reacts

SEC Releases Brief Introduction On October 24th, SEC Director of the Division of Enforcement, Gurbir Grewal, spoke to the New York City Bar Association at their Compliance Institute. […]

SEC Chair, Gary Gensler, Fiscal Year 2023 Takeaways

SEC Releases Brief Introduction On October 25th, SEC Chair, Gary Gensler, spoke at the 2023 Securities Enforcement Forum. Labeling the SEC as “partners of honest business and prosecutors of […]

Commissioner Uyeda Key Takeaways from the NSCP Conference

SEC Releases Introduction SEC Commissioner, Mark Uyeda, spoke at the National Society of Compliance Professionals (“NSCP”) Conference recently about various topics. Although his opinions are his own […]

Duty of Care and Disclosure Violations | $1.3 Million SEC Charge

SEC Releases Introduction On October 10th, the SEC charged an RIA for breaching its fiduciary duties. The Firm failed to properly disclosure conflicts of interests through its use […]

Modernization of Beneficial Ownership Reporting | SEC Adopts Rule Amendments

SEC Releases Brief Introduction On October 10th, the SEC adopted rule amendments related to beneficial ownership reporting requirements. The amendments to Section 13(d) and 13(g) of the Securities Exchange Act […]

Unregistered Broker Activities | RIA Charged $821 Thousand

SEC Releases Brief Introduction An investment adviser was charged in September by the SEC for accepting compensation for brokerage services for its advisory clients. The adviser agreed to […]