SEC and FINRA case updates from our friends at Hardin Compliance Consulting LLC. Topics include:
Category Archives: Enforcement
SEC Enforcement Report Comes Down Hard on Advisers; Your Chance to Sound Off About the SEC’s Proposed Advertising & Cash Solicitation Rule Changes; Mutual Funds Placed on SEC’s Naughty List
December Regulatory Updates from Cari A. Hopfensperger, and colleagues, at Hardin Compliance Consulting LLC.
Topics include:
- SEC Declares Victory for 2019 Despite all Obstacles: Division of Enforcement Publishes Annual Report for Fiscal Year 2019
- California Has Bigger Fish to Fry with its new Consumer Privacy Act
- New Hampshire to Terminate RIA and BD Firms for Late Renewals
- 2020 CRD/ IARD Renewal Programs
- Speak Now or Forever Hold Your Peace! It’s Your Chance to Comment on the SEC’s Advertising and Cash Solicitation Rule Changes
- Reminder: GIPS 2020
- Form CRS Template
- SEC Extends SIFMA Temporary No-Action Letter Until July 3, 2023
- SEC Dips its Toe into the Water with Blockchain
- Investment Companies Placed on the SEC’s Naughty List
- Small Fund Family Liquidity Risk Management Programs
- NFA Requires Firms to Appoint Swaps Proficiency Requirement Administrator
- Amendments to NFA Promotional Material Rules and Interpretive Notices
What’s Next?: Regulatory Update for November 2019
Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.
Topics include:
- Between a Rock and a Hard Place: SEC’s FAQs on Conflicts of Interest and Recent Settlements Set Bar Impossibly High for Advisers
- RIAs — Get our Your Checkbooks! It’s Time to Fund Your Annual Renewal Accounts on IARD
- SEC Establishes Asset Management Advisory Committee
- $$ The 2020 Annual Renewal Program is Underway $$
- FINRA Wants to Know if Broker-Dealers are Ready for Regulation Best Interest
- Attention Underwriters, Syndicate Managers and Members, and Selling Group Members
- Does Your Firm Issue Investment Fund Research Reports?
- FINRA 2019 Industry Snapshot
- 2019 Report on FINRA Examination Findings and Observations
- Leaders of CFTC, FinCEN, and SEC Issue Joint Statement on Activities Involving Digital Assets
- SEC Adopts New ETF Rule and Modernizes ETF Regulations
- Notice to Mutual Fund Managers – Review your Performance and Related Disclosures
- NFA Updates Rules on Supervision
SEC’s Relentless Pursuit of Comp-Related Conflict Disclosures: Lessons Learned from SEC and FINRA Cases and Worth Reading for November 2019
Cari Hopfensperger at Hardin Compliance Consulting LLC shares her insights regarding recent SEC and FINRA cases. Topics include:
- SEC Takes Rare Action against Advisers for Voting Proxies
- Large Adviser Fined for Paying Referral Fees without Telling Clients
- SEC Charges Investment Adviser with Custody Rule and Related Violations
- SEC Finds Failures to Supervise Rogue IAR and Implement Sufficient Policies and Procedures
- Inadequate Comp-Related Conflict Disclosures Continue
Fee-Based Annuities Get a Boost, More Resources on Reg BI and Form CRS, States get Tough on Crypto Scams, SEC Speaks on Proxy Voting, Gets Tough to Protect Vulnerable Adults and Drops the Other Shoe on Revenue Sharing
September Regulatory Updates from Jaqueline Hummel at Hardin Compliance Consulting LLC.
Topics include:
- IRS Ruling Allows Advisers to be Paid out of Fee-Based Annuities
- At Long Last… the SEC provides Guidance on Voting Client Proxies
- What’s New with Regulation Best Interest and Form CRS Relationship Summary?
- States Continue to Find Trouble Brewing in Crypto Markets
- Do You Need to Register as a Municipal Advisor?
- SEC Staff Issues No-Action Letter on Hiring Affiliated Sub-Advisers without Shareholder Approval
- New Dues for CPO/CTAs Engaged in Swap Activities
- Ignorance is not Bliss – NFA Takes Emergency Enforcement Action Against Walnut Creek, CA-Based CPO/CTA
- SEC Sanctions Levied Against Boston-Based Adviser for Breach of Fiduciary Duty to Senior Client
- Broker’s Clean Record of 32 Years Tarnished by SEC Insider Trading Fine
- The Other Shoe Drops… SEC Files Case Against Commonwealth Financial for Disclosure Failures for Revenue Sharing After Settling Charges in 12b-1 Sweep
- The Bigger the Conflict, the Bigger the Disclosure