Broker Dealer Regulation | Investment Adviser Regulation | Mutual Funds | NFA | Private Funds | Regulatory Deadlines | SEC Rule changes

NJ Joins Other States to Protect Seniors, NASAA Warns Smaller Advisers about Cybersecurity Risks, SEC Settles Valuation, Fund Expense & Wrap Fee Actions, and Advice on Returning to the Office: Regulatory Update for June 2020

New Jersey Adopts Its Own Senior Safe Legislation.  New Jersey recently joined Congress, more than 25 other states and FINRA by enacting a new financial exploitation law designed to protect…

Broker Dealer Regulation | Business Continuity | Conflicts of Interest | Custody | cybersecurity | Form CRS | Hedge Funds | Investment Adviser Regulation | Regulation Best Interest | Regulatory Deadlines | SEC News | SEC Rule changes

No Slack for Firms on Compliance with Reg BI and Form CRS; SEC Eases Deadlines and Restrictions on Custody and Mutual Funds, and Disclosure of PPP Loans for Advisers: Regulatory Update for May 2020

SEC Provides Scope and Content of Upcoming Examinations Related to Form CRS.  After June 30, 2020, the Office of Compliance Inspections and Examinations (“OCIE”) plans to examine subject broker-dealers and…

Broker Dealer Regulation | Business Continuity | Conflicts of Interest | Custody | cybersecurity | Form ADV | Investment Adviser Regulation | Mutual Fund Regulation | Private Funds | SEC News

COVID-19 Tests Firms’ BCP Efforts and Regulators Step Up with Relief; Conflicts of Interest and Custody Rule Stay on SEC’s Radar Screen, and Resources for Dealing with the Pandemic: Regulatory Update for April 2020

Like many businesses and families, we at Hardin remain concerned about the COVID-19 pandemic and its impacts to our clients, employees and the larger global community that connects us.  We…

Broker Dealer Regulation | Business Continuity | Conflicts of Interest | Form ADV | Form CRS | Mutual Funds | Private Funds | Regulation Best Interest | Regulatory Deadlines | SEC News | SEC Sweep Examinations

Coming Soon – Annual Form ADV Update for RIAs; SEC Answers More Questions on Reg BI and Form CRS FAQs, MA Leads the Pack by Adopting First State Fiduciary Standard Rule for Broker-Dealers, FINRA Wants to Know How Zero Commission Brokers are Making Money: Regulatory Update for March 2020

SEC Updates Reg BI FAQs. The SEC posted new FAQs to assist firms in complying with their obligations under Regulation Best Interest (“Reg BI”).  The new content covers what it…

Broker Dealer Regulation | Conflicts of Interest | cybersecurity | Form CRS | Investment Adviser Regulation | Private Funds | Regulation Best Interest | Regulatory Deadlines | SEC Examinations | Seniors and Vulnerable Investors

SEC & FINRA Set Exam Priorities; SEC Issues Cybersecurity Tips and FINRA Punishes Firms for UGMA and UTMA Failures: Regulatory Update for February 2020

OCIE Announces 2020 Examination Priorities. The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (“OCIE”) released its 2020 exam priorities on January 7, 2020.  OCIE’s priorities haven’t changed…

Advertising and Marketing | CFTC | FINRA Rule Changes | Investment Adviser Regulation | Mutual Funds | Private Funds | SEC Rule changes

SEC Agrees to Broaden Exemptions to New Issue and Spinning Rules; Comment Now on SEC Advertising and Cash Solicitation Rule Changes; CFTC Simplifies CPO/CTA Registration Exemptions; Actively-Managed ETFs Clear Regulatory Barrier: Regulatory Update for January 2020

SEC Approves Amendments to FINRA New Issue and Anti-Spinning Rules. See also: FINRA Amends Rules Regarding Initial Public Offerings.  Effective January 1, 2020, FINRA Rules 5130 and 5131 have been…

Conflicts of Interest | Form ADV Disclosure | Form CRS | GIPS | Investment Adviser Regulation | Mutual Fund Regulation | NFA | Regulatory Deadlines | SEC News

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; Year-End Reminders: Regulatory Update for December 2019

SEC Declares Victory for 2019 Despite all Obstacles: Division of Enforcement Publishes Annual Report for Fiscal Year 2019. Starting with the usual self-serving statements about the Commission’s success in punishing…

Conflicts of Interest | FINRA Rule Changes | Form ADV Disclosure | Investment Adviser Regulation | Mutual Funds | Regulation Best Interest | Regulatory Deadlines | TRACE

SEC’s Relentless Pursuit of Comp-Related Conflict Disclosures, RIA and BD Annual Renewals Come Due, FINRA Year in Review, New ETF Rule Eliminates Need for Exemptive Orders, Zero Commissions – What’s Next?: Regulatory Update for November 2019

Between a Rock and a Hard Place: SEC’s FAQs on Conflicts of Interest and Recent Settlements Set Bar Impossibly High for Advisers.  The SEC is going on the offensive, tackling…

Conflicts of Interest | Cross Trading | Form CRS | Private Funds | Regulation Best Interest | Regulatory Deadlines

States Challenge Reg-BI, Into the Weeds on Form CRS, NY Updates Privacy Laws, Share Class Selection Violations Reach Private Funds and FINRA Arbitration Puzzle – Custodian Liable for Unaffiliated Adviser Conduct: Regulatory Update for October 2019

Risk Alert on Principal and Agency Cross Transactions. The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a risk alert warning advisers about cross trading compliance issues under Section…