Analysis of cutting-edge securities industry issues
As we previously reported, the CFTC issued new regulations eliminating the exemption from registration available to CPOs that offered funds solely to sophisticated investors pursuant to Regulation 4.13(a)(4). For more…
Continue Reading NFA Issues Guidance to CPOs Regarding Exemptions Under Regulation 4.13(a)(4)
The SEC issued an alert intending that firms detect and prevent unauthorized trading in brokerage and advisory accounts.
This release related to certain risks the SEC’s Office of Compliance Inspections…
The SEC and CFTC launched a working group to discuss and identify money laundering vulnerabilities.
These issues have lingered for awhile. Both agencies believe that there is an opportunity to…
Continue Reading SEC AND CFTC LAUNCH AN ANTI MONEY LAUNDERING GROUP
Recently, the SEC announced that it would take steps to bar felons and bad actors from any Regulation D offering.
This rule was mandated by the Dodd-Frank Act, and the…
Continue Reading No More Felons and Other Bad Guys in Regulation D Offerings
In late February, a judge from the United States District Court for the Southern District of New York approved a settlement where a former executive and analyst cooperated with the…
In an intriguing case out of the United States District Court for the Western District of Missouri, a plaintiff’s purchase of condominium units with an option to participate in the…
Continue Reading Condo Rental Programs Are Not Investment Contracts
The SEC has indicated that it will continue to review potential aiding and abetting claims in light of the Janus Capital Group Inc. v. First Derivative Trader’s decision.
That decision…
Continue Reading Aiding and Abetting Claims Brought by the SEC
The Cayman Islands will amend a 2011 law to clarify that master funds will now have to register if they have even one Cayman regulated feeder fund. This registration will…
Continue Reading CAYMAN ISLANDS FUND REGISTRATION REQUIREMENTS
Recently, the United States District Court for the Eastern District of Washington attacked the attorney’s fees and expenses filed by plaintiff’s attorneys in a securities fraud suit.
The judge was…
Recently, the SEC’s Division of Corporation Finance Director indicated that the SEC was reviewing certain issues in an attempt to assist small businesses with capital formation.
The SEC is assessing…
