IAA Comments Again on SEC’s Solicitation Proposal
The IAA has submitted additional comments to the SEC in response to its proposed amendments to the rule addressing payments to solicitors.
July 22, 2020
Tags: Solicitation Rule
Adviser Fined $200,000 in Connection with Purchases of Securities in Non-Public Rule 144A Offerings
The SEC has fined a Colorado-based investment adviser in connection with purchases of privately offered securities sold in reliance on the Securities Act Rule 144A exemption from registration on behalf of clients that were not qualified institutional buyers, as required by the rule.
July 17, 2020
Tags: SEC Enforcement
New CFTC Strategic Plan Includes Harmonizing Regulations for Dually Registered CFTC and SEC Firms
In its newly published 2020-2024 Strategic Plan, the CFTC identifies a new set of core values that include commitment, forward-thinking, teamwork, and clarity.
July 14, 2020
Tags: CFTC
SEC, DOL, CFTC, FinCEN Issue Updates to 2020 Regulatory Agendas
Federal agencies recently released the spring 2020 update to their regulatory agendas.
July 14, 2020
Tags: CFTC, DOL, FinCEN, Regulatory Agendas, SEC
SEC Proposes to Substantially Reduce Form 13F Reporting by Increasing Threshold
The SEC is proposing to raise the Form 13F reporting threshold for institutional investment managers for the first time in more than 40 years – from $100 million to $3.5 billion.
July 13, 2020
Tags: Allison Herren Lee, Form 13F, SEC
The IAA submitted a comment letter to the SEC supporting comments by another trade association.
July 10, 2020
The SEC has charged a U.S. investment adviser and an affiliated adviser based in Canada in connection with their purchases of shares of ETFs on behalf of fund clients in excess of limits under the Investment Company Act.
July 10, 2020
Tags: ETFs, SEC Enforcement
SEC’s Office of the Investor Advocate Announces its Priorities for 2021
The SEC’s Office of the Investor Advocate has set forth its policy agenda for protecting and promoting the interests of retail investors in its annual report to Congress on objectives for fiscal year 2021.
July 06, 2020
Tags: SEC Investor Advocate
Volcker Rule Covered Fund Amendments Welcomed by Bank-Affiliated Asset Managers
The five agencies charged with implementing the Volcker Rule have issued final amendments to the regulations governing the so-called “covered fund” prohibition.
June 29, 2020
Tags: Bank-Affiliated Asset Managers, CFTC, Hedge Funds, Private Equity, Volcker Rule
The SEC’s Divisions of Investment Management and Trading and Markets have issued a statement providing no-action relief from failure to deliver certain international adviser and fund communications.
June 25, 2020
Tags: Form ADV, Privacy, Coronavirus, COVID-19, Cybersecurity, Form CRS, Investment Company