Regulatory Oversight, Enforcement Actions, Investment Advisers Act of 1940

SEC Cites Falsified Compliance Records in Two Recent SEC Settlements with CCOs

Proskauer Rose LLP on 8/1/2025

Two SEC enforcement actions from earlier this month, each including charges against a firm’s Chief Compliance Officer in their personal capacity, underscore the importance of maintaining accurate records and upholding...more

Asset managers should be aware of the recent GAO report on Artificial Intelligence – Use and Oversight in Financial Services

Eversheds Sutherland (US) LLP on 7/3/2025

The report outlines the advantages and potential risks associated with AI, while also offering insight into current regulatory perspectives on its use. The GAO’s findings have been shared with the SEC and could influence...more

Looking Into the SEC Future for Financial Services Companies

Woodruff Sawyer on 6/3/2025

As new Chair Paul Atkins begins to make his mark on the Securities and Exchange Commission, the news cycle has been heavily focused on crypto regulation. The SEC, however, is more than just a crypto regulator....more

The SEC Fines Stand-Alone Adviser for Off-Channel Communications

K&L Gates LLP on 4/15/2024

Overview - On 3 April 2024, the US Securities and Exchange Commission (the SEC) announced the first settlement with a stand-alone registered investment adviser for, among other things, failures to maintain and preserve...more

SEC Charges 13 Private Fund Advisers for Failure to File Form PF

Stinson - Corporate & Securities Law Blog on 6/4/2018

The SEC announced settlements with 13 registered private fund investment advisers who repeatedly failed to provide required information that the agency uses to monitor risk. ...more

Funds Talk: March 2017

Herbert Smith Freehills Kramer on 3/2/2017

OCIE Highlights Frequent Topics for Compliance Deficiencies for Investment Advisers - On Feb. 7, 2017, the Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (“OCIE”) published...more