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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 MoreThe SEC sanctioned a registered investment adviser for violating antifraud provisions of the Advisers Act. The violations stemmed from the adviser overcharging limited partners of a private equity fund it managed.
CFA Institute issued a Consultation Paper on the Development of ESG Disclosure Standards for Investment Products. The ESG Verification Subcommittee will work to develop content specific to verifiers who provide independent, third-party examination of the investment products to which the standards are applied.