Category: Legal and Regulatory Updates
Virginia Adviser Pays Over $1 Million for Failing to Reduce Fees as a Result of Write Downs
The SEC has fined a private equity fund adviser concerning management fees that it charged to a fund under its management. The Limited Partnership Agreement (LPA) for the fund allowed...
October 29, 2020
Tags: Fees and Expenses, Private Equity, Private Funds, SEC Enforcement
CFTC Chairman Issues Directive on Staff Letters and Guidance
To provide transparency into CFTC business, CFTC Chairman Heath Tarbert has publicly issued a directive to the staff on the use of staff letters and guidance. Staff letters and guidance...
November 05, 2020
Tags: CFTC, Heath Tarbert
CFTC Announces Organizational Changes to Boost Operational Effectiveness
The Commodity Futures Trading Commission (CFTC) has announced a new reorganization plan that includes the creation of four new operating divisions: Division of Data; Market Participants Division; Legal Division; and...
November 05, 2020
Tags: CFTC
The SEC’s Asset Management Advisory Committee (AMAC) has made preliminary recommendations to address COVID-19-related operational issues, including electronic delivery, remote work, e-authorization, and dematerialization. The AMAC was formed to provide...
November 10, 2020
Tags: AMAC, Compliance, Coronavirus, COVID-19, E-Delivery, Electronic Delivery
SEC IM Director Dalia Blass Reflects on Division’s Work
In a recent speech, the SEC’s Division of Investment Management Director Dalia Blass reflected on the Division’s hard work and accomplishments throughout the year. She praised her staff’s hard work...
November 17, 2020
Tags: Coronavirus, COVID-19, Custody, Dalia Blass, Proxy Voting, Registered Funds, SEC Investment Management
IRS Updates Life Expectancy Tables Used to Determine Required Minimum Distributions
The IRS has adopted updates to life expectancy tables used to calculate required minimum distributions from retirement plans, IRAs, and annuities. The updates will apply to distribution calendar years that...
November 17, 2020
Tags: ERISA, IRAs, IRS, Retirement Plans, SECURE Act, Taxes, Treasury Department
Executive Order Prohibits U.S. Investors from Investing in Chinese Military Companies
Finding that the People’s Republic of China (PRC) is “exploiting United States capital” to develop and modernize its military and aiming to curtail development of the PRC’s “military-industrial complex,” President...
November 17, 2020
Tags: Securities, Trading, Treasury Department
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). The Act requires that each PEP be administered by a pooled...
November 17, 2020
Tags: DOL, ERISA, Retirement Plans, SECURE Act
SEC’s Asset Management Advisory Committee Addresses Changes and Challenges in Evolving Industry at Inaugural Meeting January 27, 2020 The SEC’s new Asset Management Advisory Committee (AMAC) held its first...
January 27, 2020
Massachusetts Holds Hearing on Fiduciary Proposal
Massachusetts Holds Hearing on Fiduciary Proposal Securities Division Says SEC’s Reg BI Fails to Protect Investors from Conflicts of Interest Updated January 16, 2020 The Massachusetts Securities Division issued...
January 16, 2020
Tags: Fiduciary, Massachusetts, Preemption, States
The IAA provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by the IAA, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.
Click the link above to continue or CANCEL
