Title

Investment Management Regulatory Update - May 2019
Client Newsletter

Created date

5/29/2019

Rules and Regulations

  • SEC Staff Grants No-Action Relief Allowing Community Capital Management to Serve as Investment Adviser for a Period of Time Without a Majority Vote

Industry Update

  • Chairman Jay Clayton Provides Remarks at the “SEC Speaks” Conference
  • Commissioner Peirce Speaks at SEC Speaks: SECret Garden
  • How We Protect Retail Investors: Director of OCIE Speaks at NRS Spring 2019 Compliance Conference

Litigation

  • SEC Settles with Investment Adviser for Material Omissions in Disclosures to Private Banking Clients
  • D.C. Circuit: “Willful” Violations Require Evidence of Intentional Conduct
  • SEC Settles with Corinthian Capital Group, LLC, its CEO and CFO for Alleged Misuse of Private Equity Fund’s Assets to Benefit Corinthian and Its Principals