Investment Management Regulatory Update - April 2020
Client Newsletter

Created date


COVID-19 Update

  • SEC Division of Investment Management Coronavirus (COVID-19) Response FAQs
  • SEC Provides Temporary, Conditional Relief for Business Development Companies Making Investments in Small and Medium-Sized Businesses

Rules and Regulations

  • SEC Proposes to Modernize Framework for Fund Valuation Practices
  • SEC Adopts Offering Reforms for Business Development Companies and Registered Closed-End Funds
  • SEC Adopts Rule Permitting Simplified Prospectus Summaries for Variable Annuities and Variable Life Insurance Contracts

Industry Update

  • OCIE Publishes Risk Alerts Providing Advance Information Regarding Inspections for Compliance with Regulation Best Interest and Form CRS


  • SEC Settles with Investment Adviser for Alleged Undisclosed Conflicts of Interest Regarding In-House Operations Fees
  • SEC Settles with Investment Adviser for Alleged Advertising Omissions
  • SEC Obtains Partial Summary Judgment Against Investment Adviser and Principal