The US Securities and Exchange Commission (the SEC) announced on September 11, 2023, that it had settled with nine SEC-registered investment advisers (the Advisers) over alleged violations of Rule 206(4)-1 under the...more
On September 5, 2023, almost one year since its first flurry of similar Custody Rule actions, the SEC announced settlements with five SEC-registered investment advisers to private funds with respect to alleged violations of...more
9/26/2023
/ Audits ,
Compliance ,
Custody Rule ,
Enforcement Actions ,
Financial Statements ,
Form ADV ,
Fund Sponsors ,
GAAP ,
Private Investment Funds ,
Securities and Exchange Commission (SEC) ,
Securities Violations
The Securities and Exchange Commission (SEC) brought an unusually high number of enforcement actions against exempt reporting advisers in 2022 — that appears to be more than the prior three years combined and a record number...more
1/27/2023
/ Asset Management ,
Disclosure Requirements ,
Enforcement Actions ,
Exempt Organizations ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Pay-To-Play ,
Private Funds ,
Regulation M ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Regulation ,
Venture Capital
On September 9, 2022, the SEC announced settlements with nine SEC-registered investment advisers to private funds with respect to alleged violations of Rule 206(4)-2 under the Investment Advisers Act of 1940 (the...more
9/14/2022
/ Audited Financial Statements ,
Custody Rule ,
Enforcement Actions ,
Financial Statements ,
Form ADV ,
Fund Sponsors ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Funds ,
Securities and Exchange Commission (SEC) ,
Securities Violations
In this Issue. The U.S. Securities and Exchange Commission (SEC) Division of Examinations released its 2021 Examination Priorities and issued a risk alert noting that “Digital Asset Securities” entail characteristics and...more
3/8/2021
/ Banking Sector ,
Borrowers ,
Broker-Dealer ,
BSA/AML ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Delays ,
Digital Assets ,
Digital Securities ,
Eligibility ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
Insurance Contracts ,
Insurance Industry ,
Interim Final Rules (IFR) ,
Investment Adviser ,
Lenders ,
Loan Applications ,
Mortgages ,
Paycheck Protection Program (PPP) ,
Qualified Mortgage Rule ,
Risk Alert ,
SBA ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Transfer Agents ,
Virtual Currency