Category: News
Commissioner Lee Calls for SEC to Focus on Climate Change
Commissioner Allison Herren Lee is calling on the SEC to treat climate risk as a systemic risk due to the “potentially irreversible” nature of climate change.
November 17, 2020
Tags: Allison Herren Lee, Disclosure, ESG
Investment Adviser Industry Set Records in 2019, According to New Evolution Revolution Report
The Investment Adviser industry continued to experience record-level growth through 2019, including in number of registered advisers and assets under management, according to the 2020 Evolution Revolution report.
November 10, 2020
PPP Borrowers’ Names and Loan Amounts Must be Released, Says U.S. District Court
The U.S. District Court for the District of Columbia has ordered the Small Business Administration to publicly release certain information about recipients of PPP and EIDL COVID-related loans.
November 06, 2020
Tags: Coronavirus, COVID-19, PPP Loans
SEC Enforcement Breaks Records for Total Disgorgement, Penalties, and Whistleblower Awards
The SEC’s Division of Enforcement’s 2020 annual report is now available.
November 05, 2020
Tags: Fees and Expenses, Insider Trading, MNPI, SEC Enforcement, Share Class Disclosure, Wrap Fees
DOL Adopts Rule Amendments to Address ESG Investing
The DOL has adopted amendments to its ERISA investment duties regulation regarding ESG investments that make significant changes to the rule as originally proposed.
November 03, 2020
Tags: Retirement Savings, Active Management, DOL, ERISA, Retirement Plans
SEC, FINRA Share Initial Form CRS, Reg BI Observations in Virtual Roundtable
The SEC and FINRA held a virtual roundtable to discuss initial observations on compliance with Regulation Best Interest (Reg BI) and Form CRS.
October 28, 2020
Tags: Disciplinary History, Form CRS, Reg BI, Retail Clients
SEC Study Finds Credit Markets Largely Absorbed COVID-19 Risk, But Still Have a Way to Go
A new report by SEC staff seeks to identify the extent to which interconnectedness and related interdependencies in the U.S. credit markets contributed to or mitigated risk during the market stress brought on by the COVID-19. pandemic.
October 27, 2020
Tags: Coronavirus, COVID-19, Dalia Blass, DERA, Jay Clayton
SEC’s Peirce Calls for Framework to Provide Guidance on CCO Personal Liability
SEC Commissioner Hester Peirce has once again raised concerns about personal liability of CCOs and the lack of SEC guidance in this area.
October 27, 2020
Tags: CCO, Compliance, Hester Peirce, SEC Enforcement
IAA Urges CFA Not to Proceed with ESG Product Disclosure Standard
The IAA has urged the CFA Institute not to proceed with a proposed ESG disclosure standard for investment products because of the activity of multiple regulators in this area and the existence of multiple third-party standards.
October 20, 2020
Tags: Disclosure, ESG, Proxy
Statistics Point to Record-Setting Year for SEC
SEC Chairman Jay Clayton provided an update on the SEC’s results for the 2020 fiscal year during this year’s virtual SEC Speaks conference.
October 15, 2020
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