The Securities and Exchange Commission announced on September 22, 2015 that an investment adviser has agreed to settle charges that it failed to establish the
On September 21, 2015, the Securities and Exchange Commission charged an asset manager with improperly using mutual fund shareholder’s assets to pay two unnamed brokerage
On September 15, 2015, the Office of Compliance Inspections and Examinations (“OCIE”) issued a new Risk Alert relating to cybersecurity. This Risk Alert reemphasized the intention
The Financial Crimes Enforcement Network (FinCEN) proposed on August 25, 2015, a rule that would require certain registered investment advisers to have in place anti-money
The SEC announced on Tuesday charges against 32 defendants involved in an unprecedented illicit scheme deployed in the US and overseas. The scheme involved hacking
The Securities and Exchange Commission recently charged a private equity firm for misallocating more than $17 million of “broken deal” expenses. Broken deal expenses are
By Janaya Moscony, CFA; Irshad Karim; Linda Smith; Claire Owens, SEC Compliance Consultants Published: NSCP Currents May 2015 The SEC has made cybersecurity a significant
The SEC recently settled a proceeding brought against an investment adviser firm, its former President, and other principals at the firm where the compliance function
On May 20, 2015, the SEC unanimously approved extensive proposed amendments to Form ADV that, if adopted, would require registered investment advisers to provide new
The SEC is continuing to focus heavily on the private equity sector, reminding advisers in this space to be mindful of their practices. On May
