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Join the Securities Litigation and Enforcement Group on LinkedInSEC Flags Deficiencies in Investment Adviser MNPI Compliance Practices | Morrison Foerster
Investment advisers—both registered and unregistered—should take stock and be mindful of all potential points of access they have to MNPI. The SEC will be looking closely at policies and practices concerning: Due diligence surrounding providers of alt data. Identifying and tracking relationships with clients and corporate executives or financial professional investors who may have MNPI. […]
Key Takeaways from the SEC’s First Cybersecurity-Related Enforcement Action | Compliance Week
On Tuesday, the SEC announced that it had filed a settled enforcement action against an investment adviser for the firm’s alleged failure to establish required cybersecurity policies and procedures. The firm’s web server was later breached, compromising the personally identifiable information of approximately 100,000 individuals. This is the first enforcement action that the SEC has […]
A new cop at the SEC – Pensions & Investments
With Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the beat. via A new cop at […]
SEC wins fraud judgment against Minneapolis fund – TwinCities.com
The U.S. Securities and Exchange Commission filed suit in 2010 against Capital Solutions Monthly Income Fund and Todd Duckson, a Minneapolis attorney who controlled the fund. Following a five-week civil trial before U.S. District Judge Donovan Frank, the jury Tuesday found that Duckson and the fund had violated securities laws. The decision on any financial […]
Recent actions sign of get-tough policy against investment advisers
An enforcement wave may be coming for investment advisers.