SEC’s ALJ Process Rolled Back by Supreme Court
The court ruled that issuing fines administratively violates the Seventh Amendment.
Tag: SEC
SEC’s Private Fund Adviser Rule Struck Down by 5th Circuit Appeals Court
The 5th Circuit vacated the rule completely on Wednesday after being challenged by an association of private fund managers and...
Showing Net Performance in Portfolio Subsets Is Hardest Part of Marketing Rule
The majority of investment advisers are changing marketing materials to try and comply with the rule, with frustrations, according to...
Senate Introduces Bill to Require SEC to Modify Small Entity Definition
The bill has already passed the House.
SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal
The regulator’s chair noted that withdrawing the proposal is not under consideration.
SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal
The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Digital Assets Legislation Passes House of Representatives
The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...
T+1 Cycle to Start May 28
Beginning in one week, broker/dealers must settle transactions by the next business day.
Reg S-P Requires Advisers to Inform Customers of Data Breaches
In addition to other registrants, advisers will have 30 days to inform their clients of any substantial data breach.
House Republicans Look to Curtail SEC Enforcement and Settlement Authorities
The bills under review on Tuesday would effectively limit the settlement amounts that the SEC can impose.
PTE 2020-02 and Compensation-Related Conflicts
PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
Rep. Sean Casten: SEC Climate Rule Will Protect Investors from Risk
Many investors are unaware of the climate-related risks that their assets carry, the Congressman argues.
Climate Disclosure Rule Could Have Unforeseen Compliance Risks, Lawyers Warn
Two attorneys testified to Congress that the final rule could create additional compliance requirements outside the text of the rule.
Senvest Charged $6.5M by SEC for Off-Channel Communications
Senior employees at Senvest were charged for using personal devices with auto-delete features to discuss matters covered by the securities...
SEC Requires Internet Advisers to Be 100% Online
In order to register using the internet adviser exception, advisers must provide all their services through a website and not...
Cambridge Expects $500,000 Fine for Promised Fee Waiver Failures
The firm offered certain fee waivers which were not honored, per a recent regulatory filing.
GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule
Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass...
2 Advisers Fined for ‘AI Washing’ Marketing Violations
Delphia and Global Predictions were fined a combined $400,000 for marketing rule violations related to their use of artificial intelligence.
5th Circuit Stays SEC Climate Disclosure Rule
A case brought by three Republican-led states and the fossil fuel industry has successfully paused the recently finalized rule.
FINRA’s Top Enforcement Issues of 2023
Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.