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Form PF Amendments Compliance Date Extension
SEC RELEASES Introduction On January 29th, 2025, the SEC and CFTC extended the compliance date for the amendments to Form PF that were adopted on […]
Read MoreMisleading Cybersecurity Disclosure Leads to SEC Charges
SEC RELEASES Introduction On January 13, 2025, charges were announced against an Alternative Asset Management Company for false and misleading cybersecurity disclosures. Cybersecurity was a […]
Read MoreImproper Private Fund Expenses | Managers and Owner Charged
SEC RELEASES Introduction The SEC settled charges against two (2) Fund Managers and the Sole Owner for expenses charged to their Private Funds. The SEC […]
Read MoreNames Rule FAQ Released by the SEC
SEC RELEASES Introduction The SEC recently published an FAQ to answer certain industry questions surrounding the amendments to the Names Rule adopted in 2023. The […]
Read More3 Firms Charged for Delayed Form D Filings
SEC RELEASES Introduction Three (3) Firms were charged $430,000 in total on December 20th, 2024 for failing to timely file Form D for Unregistered Securities […]
Read More2024 SEC Enforcement Results
SEC Releases Introduction The SEC has released their enforcement results for fiscal year 2024. This year was a record-setting year for financial penalties and remedies. As SEC Chair, Gary […]
Read MoreKey Takeaways from the SEC Compliance Outreach Seminar
SEC Releases Introduction Today, November 7th, the SEC just completed their National Compliance Program Outreach Seminar. There were opening remarks made by SEC Chair, Gary Gensler and […]
Read MoreRisk 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 […]
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