On January 13, 2025, the U.S. Securities and Exchange Commission (the “SEC”) announced settled charges against twelve firms for recordkeeping failures related to off-channel communications – i.e., failure to maintain business...more
1/28/2025
/ Broker-Dealer ,
Corporate Communications ,
Corporate Governance ,
Electronic Communications ,
Enforcement Actions ,
Penalties ,
Recordkeeping Requirements ,
Registered Investment Advisors ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Many of the actions by the SEC over the past few years came following closely divided 3-to-2 votes. The split arose concerning both rulemaking by the Commission as well as enforcement actions....more
On December 20, 2024, the U.S. Securities and Exchange Commission (the “SEC”) issued a press release highlighting settled enforcement actions against a private fund adviser and two pre-IPO companies for failure to timely file...more
1/3/2025
/ Blue Sky Laws ,
Corporate Governance ,
Enforcement Actions ,
Form ADV ,
Form D Filing ,
Preemption ,
Private Funds ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Startups ,
Unregistered Securities
Last year, as we previously reported, California Governor Newsom signed into law Senate Bill 54, Fair Investment Practices by Investment Advisers, which requires “covered entities,” defined as a “venture capital company” that...more
12/24/2024
/ Compliance ,
Corporate Governance ,
Covered Entities ,
Data Collection ,
Department of Financial Protection and Innovation (DFPI) ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Governor Newsom ,
New Legislation ,
Reporting Requirements ,
Venture Capital