Title

Investment Management Regulatory Update - November 2018
Client Newsletter

Created date

11/20/2018

Rules and Regulations

  • SEC Proposes Simplified Prospectus Summaries for Variable Annuities and Variable Life Insurance Contracts

Industry Update

  • Blass Remarks at the Independent Directors Council 2018 Fund Directors Conference

  • Director of Division of Investment Management Speaks at the ICI Securities Law Developments Conference

  • OCIE Issues Risk Alert Regarding Investment Advisers and Cash Solicitation Rule Compliance Issues

  • OCIE Issues Risk Alert Regarding Risk-Based Examination Initiatives

Litigation

  • SEC Halts ICO, Suspends Nevada Corporation’s Securities Trading for False Claims of SEC Approval

  • SEC Sues Controlling Member of Private Equity and Investment Adviser Firms for Alleged Sales of “Essentially Worthless” Asset-Backed Securities, Enters Into Consent Judgment

  • Former Executive Sentenced to 18 Months in Prison for Defrauding Investors

  • SEC Settles with Former Investment Adviser and Former CEO for Due Diligence Failures and Inadequately Resourced Compliance Program