Category Archives: Regulatory

Compliance, Enforcement, Regulatory, Standard of Care

Entering Another New Normal: Regulatory Updates for July 2020

July 5, 2020 Cari Hopfensperger Leave a comment

June Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

Reg BI and Form CRS are here! Now what?
Did you know that June 15th was World Elder Abuse Awareness Day (WEAAD)?
Form CRS and the Land of Oz…State considerations for Form CRS
West Virginia Enacts Senior Safe Legislation
Temporary Relief extended for In-Person Board Meetings
Another Adviser Nailed for Inadequate Handling of Material Nonpublic Information
The Fat Lady Has Not Sung Yet… the SEC Continues its Crusade against “Inadequate Disclosure” of Mutual Fund Fees
Former RIA COO Barred from Industry

Read the full update here.

Compliance, Enforcement, Regulatory, Standard of Care

Back to Office Guidance

June 1, 2020 BDIA Editors Leave a comment

From our friends at Hardin Compliance Consulting LLC, helpful guidance for broker dealers and RIAs, as they plan their return:

Question & Answer Employer Guide: Return to the Work in the time of COVID-19 by Faegre Drinker.
Making your Office Safe to Return after COVID-19 by Riia O’Donnell of Workest.
Preparing for Reentry in the US by Goodwin Procter LLP.
Reopening Your Doors – BakerHostetler’s Return to Work Toolkit

Compliance, Enforcement, Regulatory, Standard of Care

NJ Joins Other States to Protect Seniors, NASAA Warns Smaller Advisers about Cybersecurity Risks, SEC Settles Valuation, and Fund Expense & Wrap Fee Actions

June 1, 2020 Cari Hopfensperger Leave a comment

June Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

SEC extends flexibility due to COVID-19

March 26, 2020 Clifford E. Kirsch, Editor Leave a comment

On March 25, 2020 the SEC issued several exemptive orders to extend temporary COVID-19 relief.

· The relief further extends the filing periods covered by its previously enacted conditional reporting relief for certain public company filing obligations.

· The relief further extends regulatory relief previously provided to funds and investment advisers whose operations may be affected by COVID-19.

· The SEC and its staff also provided public company disclosure guidance.

SEC Staff Proposes Rules on Streamlining Private Exemptions

March 23, 2020 Clifford E. Kirsch, Editor Leave a comment

On March 4, 2020, the Securities and Exchange Commission (the SEC) issued a proposed rule on ways to simplify, harmonize and improve certain aspects of the exempt offering framework to promote capital formation while preserving important investor protections.

The Proposed Rule is substantially informed by public input that was provided in response to the SEC’s June 2019 concept release on the harmonization of securities offering exemptions.
The goal of the Proposed Rule is to reduce the unnecessary complexity within the offering framework and to allow market participants to navigate through the exempt offering framework more easily.
The changes outlined in the Proposed Rule could bring a wider variety of investors and distribution channels back into the market for issuers, including for BDCs, and such expansion would increase the availability of capital and allow more flexibility for BDC fundraising activities.