Securities and Exchange Commission (SEC), Affiliates, Enforcement Actions

The Importance of Complying with Private Fund Documents for Affiliate Transactions

Lowenstein Sandler LLP on 7/18/2025

Private fund advisers continually balance their ongoing responsibility to ensure that the funds they advise comply with such funds’ governing documents and their responsibility to ensure their own compliance with applicable...more

Recent SEC Enforcement Action Integrating Affiliated Advisers

BCLP on 10/7/2024

A recent Securities and Exchange Commission (“SEC”) settled enforcement action serves as an excellent reminder of the risk of operational integration to firms that operate multiple advisory entities, especially where one of...more

First “Insider Trading” Case Goes From Bad to Worse for CFTC

BCLP on 1/15/2024

On January 8, 2024, the U.S. Court of Appeals for the Fifth Circuit reversed a jury’s verdict in a Commodity Futures Trading Commission (“CFTC”) enforcement action against EOX Holdings, L.L.C. (“EOX”) and its employee, Andrew...more

SEC and CFTC Send Powerful Message With $2 Billion in Fines Related to Social Media and Text Recordkeeping Lapses

Goodwin on 10/7/2022

The SEC and CFTC recently charged 11 large financial institutions and their affiliates for failing to collect, monitor, and preserve communications over WhatsApp and other messaging services. These settlements follow a...more

SEC Enforcers Continue to Focus on Undisclosed Fees

Proskauer - The Capital Commitment on 11/12/2019

In a series of enforcement cases over the past few months, the SEC has continued to bring actions focused on undisclosed fees charged to clients. Many of these cases have charged firms with fraud and other violations based on...more

A Compilation of Enforcement and Non-Enforcement Actions

Foley & Lardner LLP on 7/1/2014

As reported in the May 2014 edition of Legal News: Investment Management Update, the SEC has made cybersecurity readiness a high-priority item to review when it conducts examinations of registered broker-dealers and...more

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