Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
NSCP Currents: ESG Considerations for Investment Advisers
ESG Considerations for Investment Advisers
16 Wall Street Firms Charged by the SEC for Widespread Recordkeeping Failures
16 Wall Street Firms Charged by the SEC for Widespread Recordkeeping Failures What happened? On Sept. 27, 2022, the Securities and Exchange Commission (“SEC”) charged 15 broker-dealers and one [...]
NSCP Currents: Evolving Cybersecurity Expectations: The SEC Proposes its First Comprehensive Cyber and Data Security Rules
Evolving Cybersecurity Expectations: The SEC Proposes its First Comprehensive Cyber and Data Security Rules
Failures to Safeguard Personal Information Costs Morgan Stanley Smith Barney $35 Million
Failures to Safeguard Personal Information Costs Morgan Stanley Smith Barney $35 Million What happened? On Sept. 20, 2022, the Securities and Exchange Commission (“SEC”) charged Morgan Stanley Smith Barney [...]
SEC Risk Alert on the New Marketing Rule: Act Now to Prepare
SEC Risk Alert on the New Marketing Rule: Act Now to Prepare What happened? The Division of Examinations (“EXAMS”) published a risk alert yesterday to inform investment advisers, including [...]
SEC Charges Two Advisory Firms for Custody Rule Violations Among Other Violations
SEC Charges Two Advisory Firms for Custody Rule Violations Among Other Violations What happened? On September 9, 2022, the Security and Exchange Commission (“SEC”) charged several investment advisers who [...]
The SEC’s Strategic Plan for 2022-2026 Fiscal Years
The SEC’s Strategic Plan for 2022-2026 Fiscal Years What happened? On August 24, 2022, the U.S. Securities and Exchange Commission (SEC) announced its plans for the 2022-2026 Fiscal Years [...]
SEC Fines Adviser in Wrap Fee Program Dispute
SEC Fines Adviser in Wrap Fee Program Dispute What happened? On August 26, 2022, Kovack Advisors, Inc. (“KAI”) settled with the U.S. Securities and Exchange Commission (“SEC”) for almost [...]
Division of Examinations Notice: Rule 206(4)-3 (Cash Payments for Client Solicitations) Rescission and your ADV Brochure
Division of Examinations Notice: Rule 206(4)-3 (Cash Payments for Client Solicitations) Rescission and your ADV Brochure What happened? Investment advisers with references to cash solicitation arrangements in their Form [...]
The SEC Adopts New Amendments to its Whistleblower Program
The SEC Adopts New Amendments to its Whistleblower Program What happened? On August 26, 2022, the Securities and Exchange Commission (SEC) adopted two amendments to the rules guiding its [...]
The FTC’s Advance Notice of Proposed Rulemaking on Commercial Surveillance and Data Security
The FTC’s Advance Notice of Proposed Rulemaking on Commercial Surveillance and Data Security What happened? On August 22, 2022, the Federal Trade Commission (“FTC”) published an advance notice of [...]
Private Fund Examination Requests and Record-Keeping
Private Fund Examination Requests and Record-Keeping What happened? Given the growth of private fund assets and the significance of exam findings in the last several years the SEC has [...]
Apple Releases Security Updates Fixing Two Security Flaws That Allow Access to Hacking of Mac OS, iPad OS, and iOS
Apple Releases Security Updates Fixing Two Security Flaws That Allow Access to Hacking of Mac OS, iPad OS, and iOS What happened? Apple released emergency security updates on Aug. [...]
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts What happened? The U. S. Securities and Exchange Commission (SEC) charged 18 individuals involved [...]
Proposed Amendments to Form PF
Proposed Amendments to Form PF What happened? Since its adoption in 2011, Form PF has been used by private fund advisers to describe required information regarding their fund’s operations. [...]
NSCP Currents: Using Litigation Releases as Case Studies: The SEC’s First Reg BI Case
NSCP Currents: Using Litigation Releases as Case Studies: The SEC's First Reg BI Case