Advisers Charged with Valuation, Compliance, Oversight Failures
SEC fines fund adviser and sub-adviser in connection with overvaluation of fund assets, oversight, compliance failures.
June 27, 2022
Tags: Mutual Funds, SEC Enforcement, Valuation
This first-of-its-kind case centers around Reg BI violations in connection with recommendations and sales of L Bonds to investors with moderate risk tolerances.
June 20, 2022
Tags: Reg BI, SEC Enforcement
SEC Charges Adviser for Violating Short Selling Restrictions
SEC fines adviser for violating short selling rule, notes adviser’s self-reporting.
June 20, 2022
Tags: SEC Enforcement, Short Selling, Trading
SEC fines advisers for false and misleading statements in their Form ADV filings about the cash component of their robo-adviser service.
June 20, 2022
SEC Charges PE Adviser for Disproportionate Expense Allocations to Fund
SEC fines private equity fund adviser for failure to disclose disproportionate allocation of expenses to fund.
June 20, 2022
FinCEN Acting Director Discusses Potential for AML Rules for Investment Advisers
FinCEN discusses possibility for AML regulations for investment advisers.
May 25, 2022
Tags: AML, FinCEN, Private Funds, Treasury Department
New York-Based Adviser Fined for Causing Brokers to Violate Short Sale Rules
Firm fined for mismarking short orders as long, causing brokers to violate Regulation SHO.
May 13, 2022
Tags: Books & Records, Compliance Policies, SEC Enforcement, Short Selling
Adviser Charged in Connection with Principal Trades Between Clients, Adviser’s Sole Owner
The SEC fines an adviser and its sole owner for alleged violations of the Advisers Act principal trading requirements.
May 13, 2022
Tags: SEC Enforcement
New York’s Financial Regulator Provides Virtual Currency Guidance
New York’s financial regulator provides guidance on the use of blockchain analytics to maintain compliance for virtual currency businesses.
May 11, 2022
Tags: AML, Digital Assets, NYDFS
On March 29, the House of Representatives passed the IAA-supported SECURE Act 2.0.
April 01, 2022
Tags: Retirement Savings, Advocacy, Inside the Beltway, Retirement Plans, SECURE Act