Investment Management Regulatory Update - October 2018
Client Newsletter

Created date


Rules and Regulations

  • SEC Staff Grants No-Action Relief to the Independent Directors Council Under Rules 10f-3, 17a-7 and 17e-1 Under the Investment Company Act of 1940

Industry Update

  • Director of Division of Investment Management Testifies About Division Oversight
  • Co-Director of SEC Enforcement Steven Peikin Gives Remarks on Remedies and Relief in SEC Enforcement Actions


  • SEC Sues Investment Adviser, Manager for Alleged “Short and Distort” Scheme
  • Federal District Court Concludes that Virtual Currencies Are Commodities Subject to the CFTC’s Jurisdiction
  • SEC Settles with Voya Financial Advisors, Inc. for Failing to Adopt and Implement Sufficient Policies to Prevent Identity Theft
  • Putnam Investments and Portfolio Manager Zachary Harrison Settle with SEC for Prearranged, Undisclosed RMBS Cross-Trades Favoring Certain Advisory Clients
  • SEC Settles with LendingClub Asset Management for Undisclosed Conflicts of Interest, Return Adjustment, in Connection with Investments in LendingClub Loans