Investment Management Regulatory Update - June 2019
Client Newsletter

Created date


Rules and Regulations

  • SEC Grants Exemptive Relief for Non-Transparent Active ETFs

  • SEC Adopts Regulation Best Interest, Form CRS and Interpretive Releases Related to an Investment Adviser’s Fiduciary Duty and the “Solely Incidental” Prong of the Broker-Dealer Exclusion From The Definition of Investment Adviser

Industry Update

  • OCIE Issues Risk Alert Regarding Safeguarding Customer Records and Information in Network Storage

  • Commissioner Hester Peirce Provides Remarks at the ETFs Global Markets Roundtable

  • SEC Chairman Jay Clayton Gives Keynote Remarks at the Mid-Atlantic Regional Conference


  • SEC Settles with Former Investment Adviser for Material Omissions in Disclosures to Clients and Overcharging Advisory Fees

  • SEC Settles with Private Fund Manager and CIO for Improper Valuation Policy