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New Rules, Proposed Rules and Guidance

  • SEC Proposes Reporting Obligations for Advisers to Private Funds
  • SEC Proposes Net Worth Standard for Accredited Investors
  • SEC Extends Compliance Date for Initial Delivery of Form ADV Brochure Supplements
  • SEC Extends Temporary Rule Regarding Adviser Principal Trades
  • SEC Proposes Rules Relating to Investment Adviser Registration
  • SEC Extends Compliance Date for New Short-Selling Restrictions
  • SEC Proposes Whistleblower Rules Under the Dodd-Frank Act

Other News

  • SEC Staff Submits Study on Investment Adviser and Broker-Dealer Regulatory Standards
  • ICI Issues Comment Letter on President’s Working Group Report on Money Market Funds
  • SEC Staff Opposes Closed-End Fund Use of Maryland Takeover Statute
  • SEC Staff Issues Letter on Director Responsibilities under Affiliated Transaction Rules


  • President Obama Signs Regulated Investment Company Modernization Act of 2010

Enforcement Actions

  • SEC Charges Merrill Lynch for Misusing Customer Order Information and Charging Undisclosed Trading Fees
  • SEC Charges BNY Mellon and Order Desk Manager for Best Execution Failure
  • SEC Charges Schwab Advisers and Two Executives with Making Misleading Statements
  • SEC Charges Managing Director of Securities Lending Program
  • SEC Charges Investment Adviser for Books and Records and Form ADV Violations
  • SEC Charges Investment Adviser, Broker Dealer and CCO for Compliance Violations

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