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New Rules, Proposed Rules and Guidance

  • SEC Proposes New Liquidity Risk Management Rules for Mutual Funds and ETFs
  • SEC Issues Final Rule for Removal of Certain References to Credit Ratings and Amends the Issuer Diversification Requirement in the Money Market Fund Rule
  • OCIE Identifies Focus Areas for Second Round of Cybersecurity Sweep Exams
  • FinCEN Proposes Anti-Money Laundering Rules for Registered Investment Advisers

Public Statements, Speeches and Testimony

  • SEC Commissioners Address Recent Commission Orders Against CCOs

Litigation and Enforcement Actions

  • U.S. Supreme Court Denies Defendants' Petition for Certiorari in Schwab Case Relating to Violation of Fundamental Investment Policies
  • SEC Settles Charges Against Investment Adviser for Failing to Adopt Adequate Cybersecurity Policies and Procedures in Advance of Data Breach
  • SEC Settles First Charges Brought Under Distribution-in-Guise Initiative
  • SEC Grants Petition for Review of Dismissal of Charges Against Investment Advisory Firm
  • Seventh Circuit Affirms District Court on Remand in Jones v. Harris Associates
  • U.S. District Court Denies Motion to Dismiss Excessive Fee Case Against SEI Investments
  • FINRA Sanctions Wells Fargo, Raymond James and LPL Financial for Failing to Identify and Apply Mutual Fund Sales Charge Waivers Available for Certain Retirement Accounts and Charitable Organizations
  • SEC Settles Charges Against Auditor, Fund Administrator and Trustee In Connection with Auditor-Trustee Relationship

Other News and Developments

  • Technical Difficulties at BNY Mellon Impact Processing of Net Asset Values
  • IRS Identifies Certain Basket Derivatives as Reportable Transactions

To read the Regulatory Update, click the link below.


John S. Marten


Nathaniel Segal