SEC Fines Firm and Former Co-CEOs for Overstating AUM in Public Offering Materials
SEC fines firm and co-CEOs for misleading statements about AUM.
May 13, 2022
Tags: SEC Enforcement
SEC Brings Share Class Selection Enforcement Action Involving Wrap Fee Accounts
The SEC fines an adviser for best execution and disclosure violations for placing wrap fee program clients in more expensive share classes.
May 13, 2022
SEC Grows Crypto Assets and Cyber Unit in Division of Enforcement
SEC increases size of Enforcement unit devoted to crypto assets and cybersecurity.
May 13, 2022
SEC Responds to Commenter Requests, Extends and Reopens Deadlines
Following advocacy from the IAA and others, the SEC has extended comment period for ESG proposal and re-opened comment period for private fund adviser proposal.
May 11, 2022
Tags: ESG, Gary Gensler, Private Funds
IAA Objects to FINRA’s Sales Practices Questions Aimed at Advisers
The IAA objects to FINRA’s questions on whether standards for complex products and options should apply to investment advisers because FINRA has no authority over investment advisers.
May 11, 2022
SEC’s OMWI Releases Diversity Assessment Report and Annual Report
SEC’s OMWI has issued two reports that outline results from firms’ self-assessments of diversity policies and procedures.
May 06, 2022
Tags: Diversity & Inclusion
SEC Charges Brazilian Mining Company with Misleading Investors About Safety
SEC brings enforcement action for ESG-related fraudulent statements, even as it proposes rules to require ESG-related corporate disclosures.
May 04, 2022
Tags: ESG, SEC Enforcement
SEC’s Gensler Signals Increased Focus on Fixed Income Markets
SEC Chair Gensler discusses areas of focus in fixed income markets and touches on rule changes that will affect advisers.
May 03, 2022
Tags: Gary Gensler, Settlement Cycle, Trading
IAA Opposes SEC Private Fund Advisers Proposal; Offers Alternatives
We oppose the proposed private fund adviser prohibited activities and the preferential treatment rules and offer alternatives.
April 28, 2022
Tags: Advocacy, Hedge Clauses, Private Equity, Private Funds, SEC
SEC Risk Alert Focuses on MNPI and Code of Ethics Compliance Issues
The SEC has issued a risk alert on MNPI and Codes of Ethics.
April 28, 2022
Tags: Code of Ethics, MNPI, SEC Examinations