This update covers legal developments and regulatory news for funds, their advisers, and industry participants for the quarter ended March 31.
Rulemaking and Guidance:
• SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the Internet
• FinCEN Proposes New Investment Adviser AML Rule
• SEC Adopts Amendments to Enhance Private Fund Reporting
• SEC Releases New Guidance on Tailored Shareholder Reports
Litigation and Enforcement:
• SEC Charges Van Eck Associates for Failing to Disclose Influencer's Role in Connection With ETF Launch
SEC and SRO News:
• SEC Announces Departure of William Birdthistle; Natasha Vij Greiner Named Director of the Division of Investment Management
Please see full publication below for more information.