SEC Actions

Large size broker-dealers will be allowed to comply with Consolidated Audit Trail requirements over a new, phased timeline, and small-to-medium sized firms that had been ...

An employer that applied for a PPP loan, received payment, and repays the loan by the safe harbor deadline (May 14, 2020) will be treated ...

The outbreak of COVID-19 has had far-reaching effects, with small businesses being particularly affected by the closures and safety measures designed to slow the spread ...

Proposed SEC rules that would allow registered investment companies to delegate fund valuations to their investment advisers represent an excellent opportunity for IAs to get ...

Three Monsoon employees told Prakash that a use of fund assets for his own personal benefit would breach his fiduciary duty. Prakash placed his personal ...

During his time on the UBS syndicate desk, Orellana understood that flippers generally did not qualify for retail priority

There is no question that advisers acted in conformity with the Commission’s Form ADV. The Commission cannot turn around now and claim—with the threat of ...

Advisers receiving PPP loans should disclosure this to their clients

The adviser's compliance manual failed to specify any roles or responsibilities for personnel in connection with ascertaining the validity of public statements by Semper concerning ...

The Division would not recommend enforcement action for distributing late a pool's audited financial statements due to certain unforeseeable circumstances