Tag: SEC Enforcement
Private Fund Managers – 2021 SEC Enforcement Results and What to Expect Next
In 2021, the SEC has been in transition. In 2022, the SEC will likely focus more on private fund managers. The last few month have given us an idea of what to expect.
December 22, 2021
Tags: Private Funds, SEC Enforcement
NY Electronic Recordkeeping Enforcement Action Sparks Wider SEC Probe
A NY-based firm pays $125 million to settle charges related to failures to maintain and preserve written communications found on personal devices.
December 21, 2021
Tags: Books & Records, SEC Enforcement
SEC Fines PE Fund Adviser $4.5 Million in Connection with Fee Calculations
The SEC has fined an adviser to private equity funds $4.5 million for not offsetting management fees as discussed in fund disclosures.
December 21, 2021
Tags: Disclosure, Fees and Expenses, Private Equity, SEC Enforcement
Adviser, Principal Fined for Fund Management, Proxy, Valuation Issues
The SEC has fined a New Jersey-based registered investment adviser and its principal in connection with the adviser’s management of a mutual fund.
December 10, 2021
Tags: Compliance, Mutual Funds, SEC Enforcement, Valuation
SEC’s FY 2021 Enforcement Results Show Record Year for Whistleblower Awards
SEC Whistleblower awards broke records in FY 2021 and have now passed the $1 billion mark. Enforcement cases were down, but penalties jumped 33 percent. Some 159 cases involved investment advisers and investment companies, up from the year before.
November 24, 2021
Tags: SEC Enforcement
Gensler Gets Tough on Enforcement Cases, Focuses on “High Impact” Cases
Getting tougher on enforcement, SEC Chair Gary Gensler has outlined principles for the Enforcement Division to consider when reviewing misconduct.
November 22, 2021
SEC Fines Advisers for Failure to Comply with Form CRS Requirements
In two enforcement actions, the SEC has fined New York-based investment advisers for failing to file and deliver Form CRS by the required deadlines.
November 04, 2021
Tags: Form CRS, SEC Enforcement, SEC Examinations
All Things Digital, Private Markets Highlighted at SEC Speaks Conference
SEC commissioners and senior SEC officials provided updates on high priority issues and initiatives at the recent SEC Speaks in 2021 conference. Digital engagement practices, digital assets, and the private markets dominated their remarks.
October 15, 2021
Tags: FinTech, Allison Herren Lee, Caroline Crenshaw, Digital Assets, Elad Roisman, Gary Gensler, Hester Peirce, Private Offerings, Rick Fleming, SEC Enforcement, SEC Investor Advocate
SEC Ramping Up Scrutiny of Cybersecurity at Investment Advisers
The SEC continues to ramp up its exam and enforcement focus on cybersecurity, focusing on cyber breach response procedures and protection of client information.
October 10, 2021
Tags: Columns, Compliance Corner, Cybersecurity, SEC Enforcement
Adviser Fined for Custody Rule Violations for Facilitating Loans Between Clients
The SEC has fined a California-based registered investment adviser and its president for custody failures. The president, who was the majority owner of the adviser, facilitated $30 million in loans...
October 07, 2021
Tags: Compliance Policies, Conflicts of Interest, Custody, SEC Enforcement
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