NASAA Adopts Model Rule on Continuing Education Requirements
NASAA has adopted a model rule to implement a continuing education (CE) program for investment adviser representatives.
December 09, 2020
Tags: Continuing Education, NASAA, States
FSOC Expresses Concerns with Fund Leverage and Redemptions
The 2020 annual report of the Financial Stability Oversight Council (FSOC) looks at the risk to the U.S. financial system through the lens of the unprecedented economic turmoil wrought by the COVID-19 pandemic.
December 09, 2020
Tags: Coronavirus, COVID-19, Derivatives, ETFs, FSOC, Hedge Funds, Mutual Funds
AMAC Discusses Private Funds, ESG, and Diversity and Inclusion
The AMAC’s Private Investments and ESG subcommittees provided updates on their progress and the AMAC’s Diversity and Inclusion subcommittee held a panel discussion.
December 09, 2020
Tags: AMAC, Diversity & Inclusion, ESG, Pay-to-Play, Private Funds
SEC Fines Adviser for Failing to Comply with Trade Aggregation Policies
SEC Fines Adviser for Failing to Comply with Trade Aggregation Policies November 25, 2019 The SEC censured and fined a Chicago-based investment adviser $50,000 for failing to comply with...
November 25, 2020
FinCEN Issues Limited Extension of FBAR Filing Deadline to April 15, 2021
FinCEN has extended the deadline for certain FinCEN Form 114-FBAR filings to April 15, 2021, to allow it to continue to address questions raised in its 2016 notice of proposed rulemaking to revise regulations relating to FBARs.
November 25, 2020
Tags: FBAR
Senior staff from several SEC Divisions and Offices joined together on November 19 to present a virtual, half-day CCO outreach event focused on investment adviser and investment company compliance issues.
November 24, 2020
Tags: CCO, Compliance, Examinations
FinCEN and the federal banking agencies have issued a joint fact sheet to provide clarity to banks on due diligence requirements in connection with charities and non-profit organizations.
November 24, 2020
IRS Makes Cost-of-Living Adjustments for Retirement Plans
The IRS has announced cost-of-living adjustments for retirement plans for the 2021 tax year.
November 24, 2020
Tags: IRS, Retirement Plans
DOL Adopts Registration Requirements for Pooled Plan Providers
The 2019 SECURE Act created a new type of multiple employer retirement plan called a pooled employer plan (PEP).
November 17, 2020
Tags: DOL, ERISA, Retirement Plans, SECURE Act
Executive Order Prohibits U.S. Investors from Investing in Chinese Military Companies
President Trump has signed an executive order that prohibits U.S. persons from transactions in “publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities” of “Communist Chinese military companies.”
November 17, 2020
Tags: Securities, Trading, Treasury Department