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…
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,…
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…
The SEC announced on October 26, 2022 that it is proposing a new rule under the Investment Advisers Act of 1940 (“Advisers Act”) to prohibit registered investment advisors from outsourcing certain services or functions without first meeting certain minimum requirements.
The SEC’s Division of Examinations (the “Division”) announced yesterday its 2022 examination priorities. These SEC exam priorities are announced each year to help promote and improve compliance and protect investors.
On February 9, 2022, the SEC voted to propose new rules and amendments under the Investment Advisers Act of 1940 (“Advisers Act”) to enhance the regulation of private fund advisors. These rules and changes would significantly increase transparency with regard to these investment advisors.
The SEC voted today to propose new rules addressing cybersecurity risks for registered investment advisers, registered investment companies and business development companies. Amendments are also proposed to certain rules that govern investment adviser and investment company disclosures.
The SEC issued a risk alert yesterday that provided detail on certain compliance issues observed during recent Advisory Fees Initiative examinations, including additional details regarding the observations of the staff…
The SEC announced today that it is significantly updating and modernizing rules under the Investment Advisers Act of 1940 (“Advisers Act”) relating to advertising and payments to solicitors. The amendments create a single marketing rule that replaces the current advertising and cash solicitation rules.
The SEC issued a risk alert today that provided an overview of notable compliance issues identified by examination staff of OCIE (Office of Compliance Inspections and Examinations) with regard to Rule 206(4)-7 (the “Compliance Rule”) of the Advisers Act.