Vigilant Monthly Newsletter

Published on May 2nd, 2023 |

Vigilant Monthly Newsletter | April 2023

Monthly Newsletter

In April, we saw SEC Releases and important insights from Vigilant.

Below is a brief overview of what took place in the month of April, and what is approaching for May.

New Rules, Regulations, and Guidance

Upcoming Filings:

05/10/23 – Form 13G Monthly
05/15/23 – Form 13F Quarterly
05/15/23 – Form CTA-PR
05/19/23 – AIFMD Annex IV – Fund of Funds
05/30/23 – Form PF Hedge Fund Quarterly
05/30/23 – Form N-PORT
05/30/23 – Form CPO-PQR
To stay up to date with the SEC Filing Deadlines in 2023, click HERE to view Vigilant’s Filing calendar.

Events & Public Appearances by Officials:

Materials

Materials:

Vigilant Insights:

Vigilant’s own, Maxwell Baker, Esq., was quoted in InvestmentNews related to the SEC’s continued investigations into the use of messaging apps by employees of registered firms.
To learn more about the areas he covered and his in depth analysis, click here.

The SEC is looking to hire over 100 additional staff members for its enforcement division, and is proposing a 12% budget increase to finance it.
To learn more about the current regulatory environment and how to be prepared, click here.

SEC Registered Investment Advisers (“RIAs”) that manage Private Funds needed to file their Form PF by April 30^th, 2023, if they met certain requirements.
We covered important reminders and mistakes to avoid here.

Vigilant Announcements:

Vigilant Shortlisted for 3 Awards by Hedgeweek

Vigilant is thrilled to announce that we have been shortlisted for the following 3 Awards below by Hedgeweek for their US Emerging Manager Awards 2023:
1. Best Outsourced Solution
2. Best Regulatory Advisory & Compliance Firm (Fund Domicile)
3. Best Regulatory Advisory & Compliance Firm (Overall)
To learn more about the awards we were shortlisted for, click here.

SEC Releases:
Firm Pays $20 Million for Improper Securities Trading

On April 3^rd, a Firm and its Founder agreed to pay $19.3 million in disgorgement, interest, and civil penalties as a result of SEC charges for improper fixed income securities trading.
To learn more about what was discovered, the compliance analysis, and our conclusion, click here.

On April 18^th, an Investment Advisory Firm was charged by the SEC for misstatements and omissions relating to its automated tax loss harvesting service and failures of proper bookkeeping and client notification.
To learn more about what happened and our conclusion, click here.

On April 18^th, SEC Chairman, Gary Gensler, gave testimony to the House of Representatives Committee on Financial Services. His testimony covered many topics that directly impact the securities industry.
To view the 10 key topics he covered, key takeaways, and our conclusion, click here.

Last week, the SEC released a bulletin explaining the standards of conduct for Registered Investment Advisers (“RIAs”) and Broker Dealers (“BDs”) under Reg BI and the Investment Advisers Act.
To view the key takeaways and our conclusion, click here.

News and Alerts:

SEC Commissioner Peirce Comments On SEC Agenda

SEC Commissioner Hester Peirce commented on a host of issues during a CFA Society of Washington’s annual dinner. Peirce had a Q&A session with a reporter from InvestmentNews and the audience, with a range of topics discussed including SEC regulatory goals, recent proposals, crypto currency, and their congressional mandate.
To learn more about the key takeaways from the interview and our conclusion, click here.

The Vigilant Team is always happy to schedule a time to chat, feel free to contact us with any questions!

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