Category: SEC News
Fiduciary | Form ADV | Investment Advisers Act | Regulatory Filings | SEC News
One-Year Runway for RIAs and BDs to Comply with New Regulation Best Interest
On June 5, in a 3-1 vote, the SEC approved a regulatory standards-of-conduct package for Broker-Dealers and Investment Advisers, with a compliance date of June 30, 2020. The approved package…
Best Execution | Disclosures | Form ADV | SEC News | Share Class Selection Disclosure
The Real Nightmare Before Christmas: SEC Gets Tough on Firms that Did Not Self-Report during SCSD Initiative
Photo by Simon Matzinger on Unsplash The SEC’s Enforcement Division is following up on the Share Class Selection Disclosure Initiative (the “SCSD Initiative”) by sending out document requests to dually-registered investment advisers and…
Best Execution | Conflicts of Interest | Disclosures | Mutual Funds | SEC News
SEC Offers “Favorable Terms” to Advisers that Self-Report Failure to Disclose Receipt of 12b-1 Fees
On February 12, 2018, the SEC Division of Enforcement announced a new self-reporting initiative – the Share Class Selection Disclosure (the “SCSD Initiative”). The Initiative, led by the Commission’s Asset…
Cybersecurity | FINRA Rules | OFAC | SEC News
FMA Legal and Legislative Conference In Washington D.C. October 25-26
Check out FMA’s 2017 Legal & Legislative Conference October 25-26 in Washington, DC. Financial Markets Association is looking for new members and is offering complementary registration for “first-timers” who work outside the Washington,…
Compliance Program Rule, Rule 206(4)-7 | Compliance Programs | SEC News
SEC issues Risk Alert on Outsourcing Compliance
By Jaqueline M. Hummel, Managing Director November 13, 2015 On November 9, 2015, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) published a Risk Alert on the outsourcing of compliance…
Anti-Money Laundering | Business Continuity and Disaster Recovery | Code of Ethics | Compliance Program Rule, Rule 206(4)-7 | Compliance Programs | Form ADV | Investment Advisers Act | IT Compliance | Patriot Act | SEC News
2015 Regulatory Review for Investment Advisers, Hedge Funds and Private Equity Funds Part 1 of a 2 Part series
November 10, 2015 By: Jaqueline M. Hummel, Managing Director Toward the end of the year, I take an inventory of the changes to the SEC’s regulatory landscape in the past…
Examinations and Audits | SEC News
OCIE’s June 22nd Risk Alert: Retirement-Targeted Industry Reviews and Examinations Initiative (ReTIRE)
In conjunction with Focus1 Associates, Hardin Compliance Consulting presents: OCIE’s June 22nd Risk Alert Retirement-Targeted Industry Reviews and Examinations Initiative (ReTIRE) OCIE, through the National Examination Program (NEP), will conduct…
Disclosures | Form ADV | Investment Advisers Act | Investment Company Act | Regulatory Filings | SEC News
SEC Asks for More Data from Funds and Advisers
By Jaqueline M. Hummel, Managing Director May 21, 2015 On May 20, 2015, the SEC proposed some rule changes and amendments to forms that will require additional reporting and disclosure…
Investment Advisers Act | Investment Company Act | Patriot Act | SEC News
Best Chart Prepared by a Regulator — EVER!
By: Jaqueline M. Hummel, Managing Director March 7, 2015 This doesn’t happen often, but on March 2, SEC Commissioner Daniel M. Gallagher actually expressed some concern about the regulatory burdens…
Pay to Play | Regulatory Filings | SEC News
Implications of SEC’s Municipal Advisor Rule
By: Jaqueline M. Hummel, Managing Director January 9, 2015 On July 1, 2014, the SEC enacted the Municipal Advisor Rule (the “Rule”) as mandated by the Dodd–Frank Wall Street Reform…