Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
Division of Examinations Notice: Rule 206(4)-3 (Cash Payments for Client Solicitations) Rescission and your ADV Brochure
Division of Examinations Notice: Rule 206(4)-3 (Cash Payments for Client Solicitations) Rescission and your ADV Brochure What happened? Investment advisers with references to cash solicitation arrangements in their Form [...]
The SEC Adopts New Amendments to its Whistleblower Program
The SEC Adopts New Amendments to its Whistleblower Program What happened? On August 26, 2022, the Securities and Exchange Commission (SEC) adopted two amendments to the rules guiding its [...]
The FTC’s Advance Notice of Proposed Rulemaking on Commercial Surveillance and Data Security
The FTC’s Advance Notice of Proposed Rulemaking on Commercial Surveillance and Data Security What happened? On August 22, 2022, the Federal Trade Commission (“FTC”) published an advance notice of [...]
Private Fund Examination Requests and Record-Keeping
Private Fund Examination Requests and Record-Keeping What happened? Given the growth of private fund assets and the significance of exam findings in the last several years the SEC has [...]
Apple Releases Security Updates Fixing Two Security Flaws That Allow Access to Hacking of Mac OS, iPad OS, and iOS
Apple Releases Security Updates Fixing Two Security Flaws That Allow Access to Hacking of Mac OS, iPad OS, and iOS What happened? Apple released emergency security updates on Aug. [...]
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts
SEC Charges 18 Defendants in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts What happened? The U. S. Securities and Exchange Commission (SEC) charged 18 individuals involved [...]
Proposed Amendments to Form PF
Proposed Amendments to Form PF What happened? Since its adoption in 2011, Form PF has been used by private fund advisers to describe required information regarding their fund’s operations. [...]
NSCP Currents: Using Litigation Releases as Case Studies: The SEC’s First Reg BI Case
NSCP Currents: Using Litigation Releases as Case Studies: The SEC's First Reg BI Case
SEC Charges JPMorgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft
SEC Charges JPMorgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft What happened? The SEC announced in a press release that it separately charged [...]
SEC Examination Requests Regarding E-signatures
SEC Examination Requests Regarding E-signatures What happened? Electronic signatures have become an important part of advisers’ daily business. While the SEC’s Division of Exams (EXAMS) has not yet published [...]
The New Marketing Rule: Part 7 – Third Party Ratings
The New Marketing Rule: Part 7 – Third Party Ratings What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and [...]
The New Marketing Rule Part 6 – Categories of Performance and Their Requirements
The New Marketing Rule Part 6: Categories of Performance and Their Requirements What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising [...]
Pirated copy of popular app being used to spread information-stealing malware
Pirated copy of popular app being used to spread information-stealing malware WHAT HAPPENED? Malware that steals your passwords, credit cards, and crypto wallets is being promoted through search results [...]
SEC Proposes to Enhance Disclosures About ESG Investment Practices
SEC Proposes to Enhance Disclosures About ESG Investment Practices What happened? On May 25th, the Securities and Exchange Commission (SEC) proposed amendments to rules and reporting forms to promote consistent, [...]
QuickBooks Customers Targeted in Ongoing Series of Phishing Attacks
QuickBooks Customers Targeted in Ongoing Series of Phishing Attacks WHAT HAPPENED? Intuit has warned that customers of its widely used software program QuickBooks are being targeted in an ongoing series [...]
The New Marketing Rule Part 5 – Challenges for Performance Advertising
The New Marketing Rule Part 5 - Challenges for Performance Advertising What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and [...]