The SEC’s Division of Examinations (the “Division”) announced its 2025 exam priorities yesterday. These SEC exam priorities are announced each year to help promote and improve compliance and protect investors.…
Recently, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rule, Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment…
Last year, the SEC adopted a new rule under the Securities Exchange Act of 1934 (“Exchange Act”) that requires institutional investment managers that meet or exceed certain reporting thresholds to…
Covered institutions like SEC-registered investment advisors will be required to create an incident response program as part of their written policies and procedures. This program must be reasonably designed to detect, respond to, and recover from unauthorized access to or use of customer information.
The SEC adopted yesterday rule amendments relating to the reporting of beneficial ownership under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934 (“Exchange Act”).
The SEC has adopted significant rules and amendments under the Investment Advisers Act of 1940 relating to private fund advisers.
Last month, the SEC adopted amendments to Form PF. These amendments enhance the reporting requirements for certain SEC registered investment advisors that advise private funds. BACKGROUND Form PF is a…
Earlier this month, the SEC announced proposed amendments to Regulation S-P that would enhance the protection of customer information by requiring that investment advisers (as well as broker-dealers, investment companies,…
In February, the SEC announced a proposal to significantly revise Rule 206(4)-2 (the “Custody Rule”) to help provide additional protections to client assets. Specifically, under the proposal, the Custody Rule…
The SEC’s Division of Examinations (the “Division”) announced its 2023 examination priorities earlier this month. These SEC exam priorities are announced each year to help promote and improve compliance and…