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Portfolio Manager Fined $250,000 for Undisclosed Conflict of Interest
SEC Releases Brief Introduction On January 5th, the SEC charged a Portfolio Manager $250,000 for failing to disclose a conflict of interest. The individual was charged […]
Read More5 Rules Released by the SEC Makes Waves for the Industry
SEC Releases Brief Introduction On December 14th, the SEC provided one adopted amendment, two proposed amendments, and two proposed rules. The large number of announcements should […]
Read MoreRIA Censured for Compliance Failures | SEC Fines
SEC Releases Brief Introduction A Registered Investment Adviser was censured and fined $75,000, and its CEO/CCO was fined $25,000, after multiple compliance violations over an extended period […]
Read MoreSEC Risk Alert for Identity Theft Under Regulation S-ID
SEC Releases Brief Introduction The SEC published a risk alert on December 5th related to Regulation S-ID after recent Compliance Examinations of Investment Advisers and Broker Dealers. Regulation S-ID […]
Read MoreSEC Announces Strategic Plan for 2022-2026
SEC Releases Brief Introduction The SEC published a 16-page document highlighting their strategic plan for 2022 through 2026. In addition to comments from the SEC chair […]
Read MoreSEC Charges $4 Million Over Investments Misrepresented as ESG
SEC Releases Brief Introduction On November 22nd 2022, the SEC charged a major investment firm $4 Million dollars in relation to their management of Funds identified as Environmental, Social, […]
Read More$6.4 Billion in Penalties | SEC Enforcement Results for 2022
SEC Releases Brief Introduction The SEC announced on November 15th a large summary of their enforcement actions for the fiscal year of 2022. The SEC increased its enforcement […]
Read MoreSEC Adopts Key Reforms for Mutual Fund and ETF Disclosures
SEC Releases Brief Introduction On October 26th, the SEC adopted important disclosure reforms for the Mutual Fund and ETF industry. The expectation going forward will be […]
Read MoreNew SEC Proposal | Focus on Open-End Fund Liquidity
SEC Releases Brief Introduction On November 2nd, the SEC voted to propose amendments with the goal of preparing Open-Ended Funds for future stressed conditions. The management of […]
Read MoreSEC Adopts Rules to Enhance Proxy Voting Disclosure
SEC Releases Brief Introduction The SEC announced Today, November 2nd, that they have adopted Amendments to Form N-PX. This will enhance the proxy vote reporting for Mutual Funds, ETFs, and […]
Read MoreSEC Proposes Rule for Outsourcing by Investment Advisers
SEC Releases Overview: Proposed Rule 206(4)-11 – Service Provider Oversight On October 27, 2022, the Securities and Exchange Commission (“SEC”) proposed Rule 206(4)-11 under the Investment Advisers […]
Read MoreNew SEC Rule Amends Modern Preservation of Electronic Records
SEC Releases Brief Introduction On October 12th, the SEC voted to amend the electronic recordkeeping, prompt production of records, and third-party recordkeeping service requirements for security-based swap dealers, […]
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