The question that I am asked most often is, “What are the SEC’s current hot topics?” That can be a difficult question to answer, depending on the SEC region that the individuals work in and the cases that the SEC … Read More ›
DOL’s Fiduciary Rule (“the Rule”) So where do we stand on the Department of Labor’s attempt to force a new definition of “fiduciary” on anyone who touches ERISA accounts? The proposed Rule was sent to the Office of Management and … Read More ›
Timothy M. Simons, CFA, CFP, CSCP, CIPM Senior Managing Member Focus 1 Associates LLC February 24, 2016 “Beyond Disclosure at the SEC in 2016” Chair White’s speech reviewed the SEC’s accomplishments for 2015, “Not only did we bring an … Read More ›
OCIE’s priorities are organized around the same three thematic areas as last year: Examining matters of importance to retail investors, including investors saving for retirement; Assessing issues related to market-wide risks; and Using its evolving ability to analyze data to … Read More ›
2015 has been a very interesting year for Compliance folks. Some of the topics receiving big play this past year included: The Department of Labor’s Fiduciary Rule; The SEC’s emphasis on cybersecurity; Financial Crimes Enforcement Network (“FinCEN”) proposed AML Rule … Read More ›
On October 23, 2015, David Grim, the Director of the SEC’s Division of Investment Management, appeared before a subcommittee of the House Financial Services Committee. A comment he made, which prompted the writing of this article was, “Division staff, working … Read More ›
On October 14, 2015, Buddy Donohue, a former Director of the SEC’s Division of Investment Management (the SEC Office that develops Rules for Investment Advisers and Investment Companies), and currently the SEC’s Chief of Staff (the senior adviser to Chair … Read More ›
Closing We’re concerned because the SEC has not typically brought an action against a Firm for inadequate policies and procedures when there has been no harm to any clients and the firm promptly took remedial action to prevent recurrence. Those … Read More ›
Rule 204A-1, Investment Adviser Codes of Ethics (the “Rule”), with a compliance date of January 7, 2005, required reporting by access persons, of their securities holdings and transactions in any securities, with some exceptions such as: (i) Direct obligations of … Read More ›
In November, the SEC issued its 2014 Agency Financial Report. Not exactly exciting reading, except for Management’s Discussion and Analysis (“MD&A”). In MD&A, we can skip down to an area that directly impacts us: FY 2014 Year in … Read More ›