Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
Legal Risks Associated with Cyberattacks
Legal Risks Associated with Cyberattacks PROACTIVE MEASURES AGAINST CYBERATTACKS The recent ransomware attack that has affected more than 100,000 organizations has emphasized how immense the potential impact can be on the [...]
Labor Secretary Acosta Declines to Delay the Fiduciary Rule
Labor Secretary Acosta Declines to Delay the Fiduciary Rule WHAT HAPPENED? Yesterday, Labor Secretary Acosta confirmed that the Department of Labor (“DOL”) was unable to find “a principled legal basis to [...]
SEC Releases Risk Alert on Ransomware
SEC Releases Risk Alert on Ransomware WHAT HAPPENED? On May 17, 2017, the SEC released a risk alert on a widespread ransomware attack, known as WannaCry, WCry or Wanna Decryptor. The [...]
SEC Amends Form ADV Part 1A and the Advisers Act
SEC Amends Form ADV Part 1A and the Advisers Act WHAT HAPPENED? The SEC adopted amendments to Part 1A of Form ADV and the Investment Advisers Act of 1940 (the [...]
SEC Takes Strict Stance on General Solicitations of Certain Regulation D Offerings
SEC Takes Strict Stance on General Solicitations of Certain Regulation D Offerings WHAT HAPPENED? In a review of a FINRA disciplinary action, the SEC affirmed its zero-tolerance policy for general solicitations [...]
CFA Institute Issues Guidance Statement on Broadly Distributed Pooled Funds
CFA Institute Issues Guidance Statement on Broadly Distributed Pooled Funds WHAT HAPPENED? The CFA Institute has recently released a guidance statement on broadly distributed pooled funds for firms that manage one [...]
CCO Charged with Inadequate Form ADV Disclosures
CCO Charged with Inadequate Form ADV Disclosures WHAT HAPPENED? On March 29, 2017, the SEC charged the dually-acting principal and Chief Compliance Officer of Alison, LLC, with failing to provide specific [...]
Applicability of the Fiduciary Rule Extended
Applicability of the Fiduciary Rule Extended WHAT HAPPENED? On April 5, 2017, the Department of Labor issued a 60-day delay of the Fiduciary Rule’s applicability date to June 9, 2017. This [...]
SEC Releases ‘No-Action’ Letter Concerning the Custody Rule
SEC Releases ‘No-Action’ Letter Concerning the Custody Rule WHAT HAPPENED? On February 21, 2017, the SEC released a ‘no-action’ letter to address confusion surrounding the Investment Advisers Act Rule [...]