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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 […]
Read MoreImportance 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. […]
Read MoreSEC 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 […]
Read MoreCommissioner 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 […]
Read MoreDuty 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 […]
Read MoreModernization 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 […]
Read MoreUnregistered 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 […]
Read MoreVigilant Compliance Newsletter | September 2023
Monthly Newsletter In September, we saw SEC Charges, new Adopted Rules, and Insights from Vigilant. Below is a brief overview of what took place in the month of […]
Read More10 Firms Charged $79 Million for Recordkeeping Failures
SEC Releases Brief Introduction The SEC announced multiple charges on Friday, September 29th, for violations of recordkeeping requirements. The following type of Firms below were charged: 5 Broker […]
Read MoreMaterial Misstatements Lead to SEC Charge | Marketing Rule
SEC Releases Brief Introduction The SEC remains active towards the Marketing Rule and has charged another Registered Investment Adviser (“RIA”) with violations towards it. As we reach […]
Read MorePrivate Equity Infrastructure RIA Charged for Breach of Duty
SEC Releases Brief Introduction Recently, the SEC charged a Private Equity Registered Investment Adviser (“RIA”) more than $1.6 Million for failures involving their fiduciary duty to Funds being managed. The RIA […]
Read MoreImpact on Fund Names | SEC Adopts Rule Amendments
SEC Releases Brief Introduction On September 20th, the SEC adopted Rule enhancements to prevent misleading or deceptive Investment Fund Names. The main focus by the SEC of this new […]
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