I read something the other day that I want to share, “It will take over 24 million man hours to comply with Dodd-Frank rules per year. It took only 20 million to build the Panama Canal,” according to Rep. Neugebauer, … Read More ›
From reading Part 1 of our “Compliance Readiness 2014” series, you now should be familiar with the various SEC exam initiatives and focus areas, and from having watched our video series on preparing for an SEC examination (in case you missed it), … Read More ›
The Division of Investment Management and the Division of Corporation Finance issued a joint Staff Legal Bulletin on June 30, 2014. The Bulletin provides guidance about investment advisers’ responsibilities in voting client proxies and retaining proxy advisory firms. It also … Read More ›
$1.1 Million. That was the amount Transamerica agreed to pay in order to settle the SEC charges that it improperly calculated advisory fees and overcharged clients. After an SEC examination in 2010, examiners found that Transamerica had offered breakpoint discounts … Read More ›