IA Rules & Regulatory Actions

Beginning in December 2020, USAFS converted its clients from existing money market funds used in Sweep Accounts that paid revenue sharing to USAFS, to different ...
First Heartland had a conflict of interest when recommending certain money market funds to its clients: it had an incentive to recommend cash sweep products ...
The FCA Application asked the Commission to permit certain entities regulated and supervised by both the FCA and the UK’s Prudential Regulation Authority (“PRA”) to ...
Coburn & Meredith also, by causing certain advisory clients to invest in share classes of mutual funds that paid 12b-1 fees, when fund share classes ...
The items listed in the Regulatory Flexibility Agenda for Spring 2021 reflect only the priorities of the Chair of the U.S. Securities and Exchange Commission, ...
On February 18, 2021, EXAMS again contacted SFA but this time to announce an examination relating to the firm’s failure to file Form CRS. SFA ...
Respondent failed to file and deliver Form CRS by these deadlines, not becoming compliant until in or after late January 2021
On April 15, 2021, EXAMS again contacted The Cavanaugh Group but this time to announce an examination relating to the firm’s failure to file Form ...
EXAMS contacted Sauberan’s Chief Compliance Officer by email on October 14, 2020 to alert him that the firm had failed to file Form CRS. Sauberan, ...
QAM failed to comply with the Requirements by its regulatory deadlines, and began complying only after the Division of Examinations (“EXAMS”) contacted the firm regarding ...
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