CCO (Chief Compliance Officer) Content

On September 11, 2023, ICI, along with 13 other trade associations, filed a letter with the Securities and Exchange Commission (SEC or "Commission") raising serious concerns regarding the Commission's recent proposal on conflicts of interest associated with the use of predictive data...

On September 6, 2023, the SEC's Division of EXAMS published a Risk Alert that provides some transparency into the Division's examination of registered investment advisers. The Risk Alert discusses how the Division selects firms to examine, how it determines the focus areas for exams...

On July 31, the SEC Division of Examinations ("Division") published a risk alert ("Risk Alert") regarding anti-money laundering ("AML") compliance examinations of broker-dealers. The Risk Alert highlights the Division's observations that: some broker-dealers "did not appear to devote...

As you may recall, in February, when the SEC's Division of Examinations published its 2023 Examination Priorities, listed under "Notable New and Significant Focus Areas" was compliance with rules recently adopted under the Investment Company Act of 1940 and the Investment Advisers Act...

Last week, the SEC announced that it has settled an enforcement proceeding against a broker-dealer that failed to maintain approximately 47 million electronic communications created from January through April 2018 that were in about 8700 electronic mailboxes.

On May 4, 2023, the SEC brought a settled enforcement action against a registered investment adviser and its part-owner and investment adviser representative (together, "Respondents") for alleged breach of the fiduciary duty of care and compliance violations under the Investment...

As we previously informed you, in March 2023, the SEC published for comment proposed rules that would revise Regulation S-P to require SEC registrants to provide breach notices to customers and consumers in the event such persons' non-public personal information is breached.

As we previously informed you, in March 2023, the SEC published for comment proposed rules that would require various registrants, including broker-dealers and transfer agents among others, to adopt and implement written cybersecurity risk programs.