Title

Investment Management Regulatory Update - December 2018
Client Newsletter

Created date

12/21/2018

Rules and Regulations

  • SEC Staff Releases Update to Investment Company Reporting Modernization FAQs

  • SEC Proposes Rule Changes for Fund of Funds Arrangements

Industry Update

  • Remarks from Commissioner Peirce before the Crypto Valley Summit

  • SEC Chairman, Commissioners Deliver Remarks at Proxy Process Roundtable

  • SEC Public Statement on Digital Asset Securities Issuance and Trading

  • OCIE Issues Risk Alert regarding Investment Adviser Examinations Relating to Electronic Messaging

Litigation

  • CFTC Obtains Consent Order, Default Judgment Against Principals of Fictitious “Algorithmic Hedge Fund”

  • SEC Settles with Former Investment Adviser for Failing to Adopt and Implement Reasonably Designed Policies and Procedures Regarding Advisory Fees

  • SEC Resolves Administrative Proceedings Against Investment Adviser for Improper Allocation of Expenses and Inadequate Quality Control Reviews

  • SEC Settles with Business Development Company for Financial Reporting Failures and Ineffective Internal Accounting Controls