In the span of the last five months, the Securities and Exchange Commission (SEC) and its staff have issued two statements, a risk alert and an exam priorities roadmap, all of which address digital assets in full or in part....more
3/18/2021
/ Annuities ,
Anti-Money Laundering ,
Books & Records ,
Broker-Dealer ,
Conflicts of Interest ,
Custody Rule ,
Digital Assets ,
Disclosure Requirements ,
Due Diligence ,
FinTech ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Portfolio Managers ,
Private Placements ,
Registration Requirement ,
Risk Alert ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Transfer Agents
Recently, the U.S. Securities and Exchange Commission (SEC) issued an Investor Alert (the Alert) warning investors to use caution before investing in initial exchange offerings (IEOs) through online trading platforms. The...more
2/19/2020
/ Anti-Money Laundering ,
Broker-Dealer ,
Due Diligence ,
Initial Coin Offering (ICOs) ,
Initial Exchange Offering (IEO) ,
Investors ,
Know Your Customers ,
Offshore Listings ,
Online Platforms ,
Regulation ATS ,
Risk Alert ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Unregistered Securities
Proposed revisions to the Uniform Unclaimed Property Act were under debate this past week in Washington, DC as the Uniform Law Commission (ULC or Commission) Committee to Revise the Uniform Unclaimed Property Act (Drafting...more
10/16/2015
/ B2B Transactions ,
Death Master Files ,
Due Diligence ,
Employee Retirement Income Security Act (ERISA) ,
Escheat ,
Gift-Cards ,
Life Insurance ,
Proposed Amendments ,
Unclaimed Property ,
Uniform Law Commission (ULC) ,
Video Games
To ensure that broker-dealers (BDs) do not inadvertently facilitate an unlawful distribution of securities, the Securities and Exchange Commission has long required BDs to conduct a “reasonable inquiry” into the circumstances...more
On July 30, 2014, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued proposed rules (the “Proposed Rules”) to clarify and strengthen customer due diligence requirements for banks, securities...more
On January 28, 2014, the U.S. Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert entitled: Investment Adviser Due Diligence Processes for Selecting...more