Title

Investment Management Regulatory Update - January 2019
Client Newsletter

Created date

1/24/2019

Rules and Regulations

  • SEC Proposes Significant Changes to Rules for Funds of Funds

  • SEC Staff Grants No-Action Relief to Madison Capital Funding LLC Under Section 206(4) and Rule 206(4)-2 of the Investment Advisers Act of 1940

  • Bill Enacted to Exempt Investment Advisers of Rural Business Investment Companies from Registration Under the Advisers Act

Industry Update

  • SEC's National Examination Program Releases Examination Priorities for 2019

Litigation

  • SEC Settles Enforcement Actions Against Robo-Advisers Wealthfront and Hedgeable

  • SEC Settles with Two Investment Advisory Firms and CEO for Mutual Fund Share Class Disclosure Violations

  • SEC Settles Fee and Expense Allocation Enforcement Action With Private Equity Fund Manager