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
Richard Best Named Director of SEC’s Division of Examinations
Richard Best named Director of the SEC’s Division of Examinations.
May 25, 2022
Tags: SEC Appointments, SEC Examinations
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
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
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
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
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
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
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 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