Several years ago, the U.S. Securities and Exchange Commission (SEC) issued an order against a public company that raised more than a few eyebrows. In that order, the company settled to violations of Section 13(b)(2)(B) of...more
11/30/2023
/ 10b5-1 Plans ,
Accounting ,
Enforcement Actions ,
Enforcement Authority ,
Financial Accounting ,
Internal Controls ,
Policy Statement ,
Publicly-Traded Companies ,
Repurchases ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Stock Repurchases ,
Trading Plans
Digital assets are not the only coins drawing regulatory scrutiny these days. Earlier this year, the U.S. Securities and Exchange Commission (SEC) announced that it filed a complaint against California-based Red Rock Secured...more
10/27/2023
/ 401k ,
CFTC ,
Digital Assets ,
Enforcement Actions ,
Fraud ,
Individual Retirement Account (IRA) ,
Investment Advisers Act of 1940 ,
Parallel Proceedings ,
Rare Earth Metals ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations
The SEC continued its recent onslaught of proposed cybersecurity rules in mid-March with three new proposals covering a litany of entities, including investment advisers, broker-dealers, investment companies, clearing...more
3/23/2023
/ Broker-Dealer ,
Compliance ,
Covered Entities ,
Customer Privacy ,
Cybersecurity ,
Incident Response Plans ,
Investment Adviser ,
Investment Companies ,
Personal Data ,
Policies and Procedures ,
Proposed Amendments ,
Recordkeeping Requirements ,
Regulation S-P ,
Safeguards Rule ,
Securities and Exchange Commission (SEC) ,
Sensitive Personal Information ,
Third-Party ,
Third-Party Service Provider
The SEC on Feb. 15, 2023, announced new proposed obligations for registered investment advisers concerning custody of investor assets. Although the rule is only in proposed form, given the current composition of the SEC, the...more
The U.S. Supreme Court has agreed to take up a dispute over whether 28 U.S.C. § 1782, which governs applications for discovery from a United States court for use in a foreign proceeding, permits discovery for use in a private...more