Topics

New Rules, Proposed Rules and Guidance

• Division of Investment Management Issues Cybersecurity Guidance
• Department of Labor Issues New Proposed Rule Defining Fiduciary Investment Advice
• Division of Investment Management Releases Money Market Fund Reform FAQs
• Division of Investment Management Publishes FAQs on Valuation 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

Litigation and Enforcement Actions

• U.S. Court of Appeals Rejects Defendants' Request for Rehearing in Schwab Case Relating to Violation of Fundamental Investment Policies
• SEC Settles Charges Against Adviser and CCO for Providing Inaccurate and Incomplete Information to Fund Board in Connection with Contract Renewal 
• SEC Settles Conflict-of-Interest Case Against BlackRock and Former Chief Compliance Officer Concerning Portfolio Manager's Outside Business Activities
• SEC Announces Fraud Charges Against Investment Adviser Accused of Concealing Poor Performance of Fund Assets from Investors
• 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.