Rules and Regulations

• SEC Modernizes the Accredited Investor Definition
• SEC Proposes Amendments to Modernize Fund Shareholder Reports and Disclosures

Industry Update

• OCIE Publishes Risk Alert on Select COVID-19 Compliance Risks and Considerations for Broker-Dealers and Investment Advisers
• Dalia Blass Remarks at the 2020 PLI Investment Management Institute
• OCIE Issues Ransomware Alert

Litigation

• Investment Advisers Settle with SEC Regarding Alleged Misrepresentations About Payments Received for Customer Order Flow
• SEC Announces Charges Against Chief Executive Officer of Investment Adviser for Alleged “Multi-Year Effort to Fraudulently Inflate Value and Returns”
• Investment Adviser Settles SEC Allegations of Unfair Trade Allocation and Related Compliance Failures