Vedder Price

Vedder Thinking | Articles Investment Services Regulatory Update


Reader View


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

Other News

  • SEC Outlines 2011 Exam Priorities
  • ICI Issues Legal Memorandum Regarding Effect of State Laws on “Pay-to-Play” Policies and Procedures
  • Clarification of Inapplicability of “Say on Pay” Rule to Closed-End Funds
  • SEC Staff Submits Study on Investment Adviser and Broker-Dealer Regulatory Standards
  • SEC Staff Submits Study on Investment Adviser Examinations
  • ICI Issues Comment Letter on President’s Working Group Report on Money Market Funds


  • President Obama Signs Regulated Investment Company Modernization Act of 2010

Enforcement Actions

  • SEC Charges Adviser and Chief Executive Officer for IPO Allocations
  • SEC Charges AXA Rosenberg Entities for Concealing Error in Quantitative Investment Model
  • 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

To read the newsletter, click the link below.