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.
The SEC adopted amendments to Regulation S-P requiring broker-dealers, investment companies, registered investment advisors, and transfer agents to implement and maintain policies and procedures regarding an incident response program that are designed to detect, respond, and recover from unwarranted access or use of client information.
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.