More than just the facts, Flash Reports provide context for what’s currently happening in the industry and translate that into what it means for your business.
On August 23, 2023, a divided SEC voted to adopt enhanced regulations of private fund advisers. These included two rules that all investment advisers managing private funds must follow: the Preferential Treatment Rule and the Restricted Activities Rule.
Read MoreOn December 20, 2018, the SEC’s OCIE announced its 2019 examination priorities. Key areas include cybersecurity, anti-money laundering (“AML”) programs, retail investors (particularly seniors), and entities providing critical market infrastructure services.
The SEC released an Administrative Order to Cease and Desist against a dually registered investment adviser/broker-dealer and its sole principal. The SEC sanctioned these individuals for violations of the Investment Advisers Act of 1940 and the Securities Exchange Act of 1934.