Investment Management Regulatory Update - August 2019
Client Newsletter

Created date


Rules and Regulations

  • SEC Staff Grants No-Action Relief Allowing Employee Securities Companies Exempt from Registration to Continue Operating without Registration Following a Transfer of General Partner Interests in the Context of a Dissolution

  • SEC Clarifies Investment Advisers' Proxy Voting Responsibilities

Industry Update

  • Jay Clayton Speech – Regulation Best Interest and the Investment Adviser Fiduciary Duty: Two Strong Standards That Protect and Provide Choice for Main Street Investors

  • SEC Retail Strategy Task Force Announces Roundtable Discussion on Combating Elder Investor Fraud

  • SEC and NASAA Issue Summary Statement Regarding Federal and State Securities Laws Implications of Opportunity Zone Investments


  • SEC Sues REIT Sponsor and Executives Alleged to Have Wrongfully Obtained Millions in Charges and Partnership Units

  • SEC Settles with Former Investment Adviser for Engaging in Unauthorized Security Allocations to Client Accounts

  • SEC Sues Advisory Firm for Alleged Conflicts of Interest Regarding Mutual Fund Share Class Selection