On September 6, 2023, the staff of the US Securities and Exchange Commission’s (the “SEC”) Division of Examinations (the “Division”) issued a risk alert describing how it selects investment advisers for examination and the...more
On June 8, 2023, the Division of Examinations (EXAMS) of the Securities and Exchange Commission (the SEC) published a Risk Alert regarding its priorities for the next stage of examinations with respect to Rule 206(4)-1 (the...more
On February 7, 2023, the Division of Examinations (“EXAMS”) of the Securities and Exchange Commission (“SEC”) issued its examination priorities for 2023 reflecting a continued focus on SEC-registered private fund sponsors....more
2/9/2023
/ Business Development Companies ,
Compliance ,
Conflicts of Interest ,
Cryptoassets ,
Custody Rule ,
Cybersecurity ,
Fiduciary Duty ,
Fund Sponsors ,
Private Investment Funds ,
SEC Examination Priorities ,
Special Purpose Acquisition Companies (SPACs) ,
Valuation
On April 26, 2022, the U.S. Securities and Exchange Commission’s (“SEC”) Division of Examinations (“EXAMS”) issued a risk alert concerning deficiencies related to Section 204A of the Investment Advisers Act of 1940 (“Advisers...more
5/3/2022
/ Chief Compliance Officers ,
Compliance ,
Ethics ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Material Nonpublic Information ,
Personal Data ,
Risk Alert ,
SEC Examination Priorities ,
Section 204 ,
Securities and Exchange Commission (SEC)
On March 30, 2022, the Division of Examinations (“EXAMS”) of the U.S. Securities and Exchange Commission (the “SEC”) placed private funds at the top of its examination priorities for 2022, displacing a focus on the protection...more
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