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Examinations Enforcement: SEC Actions

Just when you thought it was safe to go back to the office
Mutual fund share class selection/best ex case has Peirce and Uyeda claiming the SEC is "creating novel regulatory interpretations through enforcement"
Firms paused fund raising for years over single trades
Cases raise 'red flags' for funds' due diligence
Regulators 'really pushing the boundaries' with fintech
Firm failed to "fully and fairly" disclose conflicts tied to revenue sharing payments and incentives received from two clearing brokers
If you think cybersecurity is tough now, don’t worry. It’s going to get worse.
SEC states investors must be able to know the advice they receive is free of undisclosed conflicts, regardless of whether the conflict is financial in ...
Charges included failing to adopt reasonably designed compliance P&Ps, not conducting annual reviews, not establishing a code of ethics, and not filing Form CRS
More than one in five cases involved fees, expenses or valuations

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