Check out our Flash Reports for the latest SEC- and compliance-related news, trends, and insights.
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 MoreThe 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.
From 2013 to 2016, the SEC found that three traders of Citigroup Global Markets Inc. The SEC released its charges against Citigroup for books and records violations, inadequate internal controls and poor trade administration.
On July 11th, 2018, the OCIE released a risk alert outlining the most common deficiencies cited in adviser examinations regarding best execution obligations. The risk alert summarizes issues identified in deficiency letters from over 1,500 adviser examinations.