Now that summer has come to its unofficial end, it seems as though the SEC forgot to check its calendar back I May because it has been conducting exams at
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Dodd-Frank
Do You Need Another Reason To Take Cyber-Security Seriously
By Joshua Horn on
As we all know, the SEC and FINRA have made cyber-security an exam priority in 2014, but what does it mean when the audit of your regulator shows that it …
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SEC and Other Regulators Seek Input on Diversity Proposal
By Fox Rothschild on
The SEC and three other regulators requested comment on a proposed policy statement that would establish joint standards for assessing the diversity policies and practices of the entities they regulate. …
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Should You Even Care About A Uniform Fiduciary Duty
By Joshua Horn on
In an Investment News article written by Mark Schoeff, he reported that the push for a uniform fiduciary standard for broker-dealers and investment advisors has become a bit stagnant.
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SEC Says Dodd-Frank’s Statute of Limitations Doesn’t Apply to It
By Fox Rothschild on
According to the SEC, the Dodd-Frank Act does not require the SEC to bring an enforcement action within 180 days of issuing a Wells Notice. See http://www.sec.gov/litigation/opinions/2014/ia-3829.pdf.
Although the…
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Will There Be A Fiduciary Duty?
By Amit Shah on
The Dodd-Frank Act directed the SEC to study whether broker-dealers should be held to a fiduciary duty standard rather than the lower “suitability” standard. Advocates for the fiduciary standard claim…
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SEC Discourages Incentivizing Whistleblowers to Keep Complaints In-House
By Fox Rothschild LLP on
What’s good for the goose is apparently not so good for the gander, as the SEC warns in-house attorneys against whistleblower contracts.
The SEC has been financially incentivizing whistleblowers to …
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THE FIDUCIARY STANDARD AND THE SEC-DOL TUG -OF -WAR
By Fox Rothschild on
The DOL is working to redefine the definition of the term “fiduciary” for retirement plan purposes, including individual retirement accounts. The SEC’s recent request for data on a possible rulemaking…
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RIAS NEED TO FOCUS ON FORM ADV AND ADVERTISING REVENUE
By Fox Rothschild on
The SEC Division of Investment Management, is reviewing the applications of private fund advisers, and focusing on two particular areas: advertising and the Form ADV.
The Division’s review will be…
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THE SEC IS REALLY WORKING ON DODD-FRANK
By Fox Rothschild on
The SEC has been routinely criticized for not completing its administrative work under the Dodd-Frank Act. Despite this criticism, the SEC stated that it had only 4 remaining initiatives it…
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