Blog
RIA Pay-To-Play Violation Involving a Campaign Contribution
SEC Releases Introduction On April 15, 2024, the SEC announced an RIA violated the Pay-To-Play Rule by continuing to receive compensation from a government entity within two years after […]
Read MoreSEC Adopts Amendments Affecting Internet Investment Advisers
SEC Releases Introduction The SEC adopted amendments that affect the way Internet Investment Advisers register, particularly with small Investment Advisers. Although the different potential rule adoptions in 2024 address many topics, […]
Read MoreMisleading AI Statements | SEC Charges Two Firms
SEC Releases Introduction On March 18th, the SEC announced charges against two Investment Advisers. Both Firms were found to have made false and misleading statements about their use […]
Read MoreClimate-Related Disclosures | SEC Adopts Rules
SEC Releases Introduction The SEC announced on March 6th, 2024, that final rules have been adopted that require Firms to provide disclosures for information related to climate […]
Read MoreSEC Charges Firm $950k for Disclosure Failures
SEC Releases Introduction The SEC charged an Investment Adviser with disclosure failures related to required 13G and 13D Filings. Failures to submit timely required filings are taken seriously by […]
Read More$1.5 Million Charge for ETF Launch Disclosure Failure
SEC Releases Introduction An RIA was recently charged $1.5 Million by the SEC for failing to provide proper disclosures about the launch of one of its new ETFs. The […]
Read More$2.2 Million Reg BI Violation | SEC Releases
SEC Releases Introduction A Broker Dealer was charged $2.2 Million on February 16th for failures to comply with Regulation Best Interest (“Reg BI”). Reg BI continues to be an enhanced focus for the […]
Read MoreSEC Chair, Gary Gensler, Discusses AI
SEC Releases Introduction SEC Chair, Gary Gensler, recently spoke at a Yale Law School event about Artificial Intelligence (“AI”) and the important role that regulators play. He discussed […]
Read MoreForm PF Amendments Adopted | SEC Releases
SEC Releases Introduction The SEC adopted amendments to Form PF on February 8th, 2024. Their goal is to enhance reporting by large hedge fund advisers to assist regulators in […]
Read More$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 […]
Read MoreSEC 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 […]
Read MoreTop 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 […]
Read More