Title

Investment Management Regulatory Update - March 2019
Client Newsletter

Created date

3/29/2019

Rules and Regulations

  • SEC Staff Grants No-Action Relief, Increasing Flexibility for Certain In-Person Director Voting Requirements

  • SEC Modifies Timing for Filing Non-Public Form N-PORT Data to Align with its Approach to Data Management and Cybersecurity

  • SEC Seeks Public Comment on Issues Posed by Non-DVP Settlement and Digital Assets under the Custody Rule

  • SEC Adopts Rules to Implement FAST Act Mandate to Modernize and Simplify Disclosure

  • SEC Proposes Offering Reforms for Business Development Companies and Registered Closed-End Funds

Litigation

  • U.S. District Court Dismisses Excessive-Fee Lawsuit against BlackRock after Eight-Day Trial

  • SEC Settles Enforcement Action Against Investment Advisory and Broker-Dealer Firm for Conflict of Interest Violations

  • SEC Settles with Talimco, LLC for Breaching Fiduciary Duties in Standing on Both Sides of a Mortgage Loan Participation Transaction

  • SEC Announces More than $125 Million in Settlements Under the SEC's 12b-1 Fee Self-Reporting Initiative