Title

Investment Management Regulatory Update - June 2018
Client Newsletter

Created date

6/28/2018

Rules and Regulations

  • SEC Modernizes the Delivery of Fund Reports and Seeks Public Feedback on Improving Fund Disclosure and Fees Related to Forwarding Fund Materials
  • SEC Proposes FAIR Act Rules to Promote Research Reports on Investment Funds
  • SEC Updates Its Custody Rule FAQs

Industry Update

  • Commissioner Hester M. Peirce Outlines Enforcement Philosophy, Criticizes “Broken Windows” Enforcement
  • Share Class Selection Initiative Update: SEC Deadline Passes for Investment Advisers to Self-Report Under the Share Class Selection Disclosure Initiative

Litigation

  • SEC Charges Thirteen Private Fund Advisers for Repeated Filing Failures
  • SEC Charges Fund Administrator for Flawed Valuation of Affiliated Unregistered Fund
  • SEC Charges Broker-Dealer for Failing to File Suspicious Activity Reports in Connection with Sale of Penny Stocks
  • Lyxor Asset Management, a New York-Based