On October 21, the Securities and Exchange Commission’s (SEC’s) Division of Examinations (Division) released its examination priorities for 2025, outlining the key topics the Division plans to focus on in the upcoming fiscal...more
11/5/2024
/ Code of Conduct ,
Compliance ,
Cryptoassets ,
Cybersecurity ,
Department of Justice (DOJ) ,
Fiduciary Duty ,
Fund Managers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Popular ,
Private Funds ,
Registered Investment Companies (RICs) ,
Risk Assessment ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC)
On February 15, 2023, the Securities and Exchange Commission (the “SEC”) proposed a significant transformation of Rule 206(4)-2 (the “Custody Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”) into a new...more
2/17/2023
/ Compliance ,
Custody Rule ,
Dodd-Frank ,
Fiduciary Duty ,
Form ADV ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investors ,
Popular ,
Proposed Amendments ,
Regulatory Oversight ,
Retail Investors ,
Securities and Exchange Commission (SEC)
On February 7, 2023, the Division of Examinations (“EXAMS”) of the Securities and Exchange Commission (“SEC”) issued its examination priorities for 2023 reflecting a continued focus on SEC-registered private fund sponsors....more
2/9/2023
/ Business Development Companies ,
Compliance ,
Conflicts of Interest ,
Cryptoassets ,
Custody Rule ,
Cybersecurity ,
Fiduciary Duty ,
Fund Sponsors ,
Private Investment Funds ,
SEC Examination Priorities ,
Special Purpose Acquisition Companies (SPACs) ,
Valuation
The Securities and Exchange Commission (SEC) brought an unusually high number of enforcement actions against exempt reporting advisers in 2022 — that appears to be more than the prior three years combined and a record number...more
1/27/2023
/ Asset Management ,
Disclosure Requirements ,
Enforcement Actions ,
Exempt Organizations ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Pay-To-Play ,
Private Funds ,
Regulation M ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Regulation ,
Venture Capital
On November 10, 2021, U.S. Securities and Exchange Commission Chair Gary Gensler, made a speech at the Institutional Limited Partners Association (“ILPA”) Summit that provides a useful summary of the SEC’s immediate...more