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IA Rules & Regulatory Actions

Charges faced by former SEC-RIA now state-registered advisory firm
BPU Investment Management agrees to pay $927,000 to settle charges
This latest batch tackles form format, delivery, affiliates sharing their form, disciplinary disclosures and more
OCIE seeks to add four positions to examine for compliance with new fiduciary duty rules and cybersecurity
Jay Costa Kelter was sentenced to a prison term of 29 months
The CCO was the only person capable of entering a security in the electronic order management system to prevent trading
Barton Stuck is currently free on bond and is awaiting sentencing
Matthes stole $2.4 million from 26 of his customers and clients
The portolio manager managed the Fund differently from what was represented to investors and their advisers
Certain fund practices can heighten leverage-related risks, such as the risk of potentially significant losses and increased fund volatility
The proposal would expand the list of entities that may qualify as accredited investors
Burroughs executed a scheme to defraud his investment clients that resulted in him misappropriating approximately $575,000 from three investors
The Commission is granting this nine-month extension because it believes the temporary exemptions from these provisions warrant further consideration
The defendants’ conduct involved fraud, deceit, or deliberate or reckless disregard of regulatory requirements
SEC states chief compliance officers, and other compliance staff play critically important roles at firms
We are also proposing to clarify that an investment company or an investment adviser or sponsor is under an audit, the auditor and the audit ...
Headshot of Rick Fleming
Fleming took the opportunity to repeat his thoughts about the Commission's actions in approving Regulation Best Interest and Form CRS
Springer concealed from prospective clients his prior disciplinary history with the SEC
These rules cover reconciling outstanding security-based swaps with applicable counterparties on a periodic basis
This letter extends that no-action relief until the date that a PCAOB-adopted permanent program begins
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