Topics

Litigation and Enforcement Actions

• SEC Settles Charges Against Advisory Firms for Failing to Disclose Changes in Investment Strategy of Closed-End Fund
• U.S. District Court Rules on Defendants' Motion to Dismiss 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

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

To read the Regulatory Update, click the link below.