Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
16 States Reviewing Data Privacy Regulations
16 States Reviewing Data Privacy Regulations WHAT HAPPENED? State data privacy regulations are continuously evolving to catch up with the ever-increasing risks to consumers on the web. In recent [...]
Kaseya Attack: What You Should Know and How You Should Respond
Kaseya Attack: What You Should Know and How You Should Respond WHAT HAPPENED? It was recently discovered that Kaseya’s VSA software had an unknown, zero-day vulnerability in the software [...]
SEC Appoints New Director of Enforcement, Gurbir S. Grewal
SEC Appoints New Director of Enforcement, Gurbir S. Grewal WHAT HAPPENED? On June 29, 2021, the SEC issued a press release announcing the appointment of New Jersey Attorney General, [...]
Cisco ASA & Firepower Threat Defense Vulnerability Exploited
Cisco ASA & Firepower Threat Defense Vulnerability Exploited WHAT HAPPENED? On June 24, 2021, a cybersecurity firm published a Proof of Concept (PoC) exploit on Cisco's Adaptive Security Appliance, [...]
Phishing Warning: Virginia State Corporation Commission Issues Alert
Phishing Warning: Virginia State Corporation Commission Issues Alert WHAT HAPPENED? On June 24, 2021, the Virginia State Corporation Commission’s Division of Securities and Retail Franchising (the Division) issued an alert to [...]
Inaccurate Performance Information Leads to SEC Charges
Inaccurate Performance Information Leads to SEC Charges WHAT HAPPENED? The SEC recently settled with a registered investment adviser that posted false statements and misleading performance data on its public [...]
5 Proposed Rules from the SEC That Could Affect Your Firm
5 Proposed Rules from the SEC That Could Affect Your Firm WHAT HAPPENED? The SEC released its latest regulatory agenda, which outlines the commission’s pending rules and regulations. Under [...]
ESG Disclosure and Materiality Reminders for RIAs
ESG Disclosure and Materiality Reminders for RIAs WHAT HAPPENED? Climate and environmental, social, and governance (ESG) topics continue to gain prevalence in capital markets, especially when it comes to [...]
Annual GIPS® Notification Renewal Due June 30, 2021
Annual GIPS Notification Renewal Due June 30, 2021 Firms and asset owners claiming compliance with the Global Investment Performance Standards (GIPS®) are required to notify CFA Institute of their claim [...]
DarkSide, Ransomware, and the Colonial Pipeline Attack: 8 Practical Ways to Lock Down Your Data
DarkSide, Ransomware, and the Colonial Pipeline Attack: 8 Practical Ways to Lock Down Your Data WHAT HAPPENED? When bad actors initiated a ransomware attack on the Colonial Pipeline network [...]
The SEC’s Bitcoin Futures Warning
The SEC’s Bitcoin Futures Warning WHAT HAPPENED? Last week, the SEC released a statement pertaining to funds investing in Bitcoin futures. Market participants have pushed for cryptocurrency ETFs in [...]
Adviser Facing Jury Trial for Securities Laws Violations
Adviser Facing Jury Trial for Securities Laws Violations WHAT HAPPENED? An exempt reporting adviser (“ERA”) and related private fund were recently investigated by the SEC for a variety of [...]
SEC Director of Enforcement Resigns After One Week – What Now?
SEC Director of Enforcement Resigns After One Week – What Now? WHAT HAPPENED? Last month, the SEC announced Chairman Gary Gensler appointed Alex Oh to be Director of the [...]
FBI Investigates Asset Owner’s Returns
FBI Investigates Asset Owner’s Returns WHAT HAPPENED? A Pennsylvania pension fund is caught in a legal inquiry from the FBI that led to an investigation. The trouble began when [...]
SPACs: What the SEC Wants You to Know
SPACs: What the SEC Wants You to Know WHAT HAPPENED? Special-purpose acquisition companies, or SPACs, have recently surged in popularity and the SEC is paying attention. These vehicles are [...]
No Need to Report Certain Home Offices on Form ADV
No Need to Report Certain Home Offices on Form ADV WHAT HAPPENED? The U.S. Securities and Exchange Commission released an FAQ statement clarifying there is no need to report [...]