Topics

New Rules, Proposed Rules and Guidance

• Division of Investment Management Issues Guidance Regarding Gifts and Entertainment under Section 17(e)(1)
• SEC Proposes Rules for Disclosure of Hedging by Employees, Officers and Directors

Other News

• SEC Asset Management Unit Co-Chief Discusses Enforcement Priorities
• SEC and FINRA Issue Results of Cybersecurity Examinations
• OCIE Releases 2015 Examination Priorities
• ICI and IDC Issue White Paper on Funds’ Use of Proxy Advisory Firms

Litigation and Enforcement Actions

• U.S. Court of Appeals Reinstates Shareholder Class Action against Schwab Alleging Various Claims Relating to Violation of Fundamental Investment Policies
• SEC Settles Charges against Adviser for Failure to Maintain Fund Assets with Qualified Custodian and Other Compliance Violations

To read the Regulatory Update, click the link below.