Private Fund Adviser Charged for Excessive Fees and Conflict Disclosure
SEC charges private fund adviser for miscalculating and not disclosing fees related to permanent impairment criteria.
July 27, 2023
Adviser Charged in Connection with Leveraged ETFs
The SEC has charged an adviser and part-owner with breach of duty of care in connection with use of leveraged ETFs.
May 19, 2023
Tags: ETFs, Fiduciary, SEC Enforcement
SEC Announces First Enforcement Action Under Fund Liquidity Rule
The SEC has charged a fund’s adviser and independent trustees in the first enforcement action under the fund liquidity rule.
May 16, 2023
Tags: Investment Company Act, SEC Enforcement, SEC Investment Management
SEC Settles Charges Against Audit Firm, Partner for Private Fund Valuation Failures
SEC settles enforcement action with audit firm and partner for valuation failures in audit of private funds.
April 12, 2023
Tags: Private Funds, SEC Enforcement, Valuation
SEC Charges Adviser with Selective Disclosure of Fees, Compliance Program Violations
SEC charges adviser for failing to disclose foreign exchange fees and Compliance Rule violations.
April 07, 2023
Tags: Fees and Expenses, SEC Enforcement
SEC Officials in the Spotlight at IAA Compliance Conference
More than 500 attendees, speakers, sponsors, and exhibitors joined the IAA in Washington, D.C. for the 2023 Investment Adviser Compliance Conference. SEC officials, industry experts, and IAA staff discussed critical topics for investment advisers, including the Marketing Rule, cybersecurity, digital assets, the volume of SEC proposals, exams and enforcement, and more.
March 17, 2023
Tags: Compliance Conference, Cybersecurity, Marketing Rule, SEC, SEC Enforcement, SEC Examinations, Smaller Advisers
Lessons for Private Fund Managers in Recent SEC Enforcement Actions
This article discusses practical lessons learned from recent SEC enforcement actions against private fund managers involving the calculation of private fund fees.
March 15, 2023
Tags: Private Funds, SEC Enforcement
Peirce and Uyeda Dissent on Best Ex Violations
SEC Commissioners Peirce and Uyeda dissent on best execution violations in share class selection disclosure enforcement action.
March 09, 2023
Tags: Best Execution, SEC Enforcement, Share Class Disclosure
Recent Enforcement Cases Against Advisers
This article discusses the importance of strong, ongoing compliance efforts in light of the SEC’s active enforcement program against investment advisers.
January 26, 2023
Tags: SEC Enforcement
Adviser Fined for Unlawful Cross-Trades and Principal Transactions
An adviser was fined for unlawful principal and cross-trades after implementing an automated trade matching program.
December 01, 2022
Tags: SEC Enforcement, Trading