Investment Management Regulatory Update - September 2019
Client Newsletter

Created date


Rules and Regulations

  • SEC Issues Guidance Regarding Proxy Voting Responsibilities of Investment Advisers

  • FDIC and OCC Approve Final Amendments to Volcker Rule Regulations

  • SEC Staff Releases Accounting and Disclosure Information Regarding Principal Risk Disclosures

  • SEC Adopts Rule to Modernize ETF Regulation

  • SEC Expands “Testing the Waters” Communications

Industry Update

  • OCIE Issues Risk Alert Regarding Principal and Agency Cross Trading Compliance Issues


  • Raymond James Settles with SEC for Approximately
    $15 Million

  • Second Circuit Concludes Investment Company Act Creates an Implied Private Right of Action

  • Broker-Dealer Settles with SEC for Failure to Supervise Trader Involved in Premium Point Fund Fraud