Topics

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.