Overview: Investment advisers that seek to manage public money need to consider the SEC’s “pay to play” rule, which restricts election-related contributions by the firms or their “covered associates” to elected state...more
8/15/2024
/ CFTC ,
Covered Person ,
Financial Industry Regulatory Authority (FINRA) ,
Government Entities ,
Governor Walz ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
MSRB ,
Pay-To-Play ,
Political Campaigns ,
Political Contributions ,
Presidential Elections ,
Securities and Exchange Commission (SEC)
The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that highlight recent enforcement action...more
4/18/2024
/ CFOs ,
Civil Monetary Penalty ,
Cooperation ,
Electronic Communications ,
Enforcement ,
Enforcement Actions ,
Investment Adviser ,
Registered Investment Advisors ,
Regular Business Communications ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Settlement
The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that highlight recent enforcement action...more
The Nutter Securities Enforcement Update is a periodic update of noteworthy recent securities enforcement activity, settlements, decisions, and charges. We provide brief summaries that highlight recent enforcement action...more
4/5/2024
/ Aiding and Abetting ,
Audits ,
Block Trades ,
Broker-Dealer ,
Civil Monetary Penalty ,
Compliance ,
Criminal Liability ,
Enforcement Actions ,
ETFs ,
Failure To Disclose ,
Fiduciary Rule ,
Foreign Corrupt Practices Act (FCPA) ,
Forfeiture ,
Fraud ,
Influencers ,
Insider Trading ,
Institutional Shareholder Services (ISS) ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Market Manipulation ,
Material Nonpublic Information ,
Misleading Statements ,
Misrepresentation ,
Morgan Stanley ,
Offerings ,
PCAOB ,
Proxy Advisory Firms ,
Publicly-Traded Companies ,
Regulation M ,
Restitution ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Securities Violations ,
Settlement ,
Special Purpose Acquisition Companies (SPACs) ,
Whistleblower Protection Policies
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges....more
1/17/2024
/ Accounting ,
Accounting Fraud ,
Audits ,
Bonds ,
Credit Suisse ,
Disclosure Requirements ,
Enforcement Actions ,
Fraud ,
Insider Trading ,
Investment Adviser ,
Investment Company Act of 1940 ,
Market Manipulation ,
Material Misstatements ,
Offerings ,
Public Offerings ,
Publicly-Traded Companies ,
Registered Investment Advisors ,
Reporting Requirements ,
Rule 10b-5 ,
Securities ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Regulation ,
Special Purpose Acquisition Companies (SPACs) ,
State Securities Regulators ,
UBS
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
7/5/2023
/ Audits ,
Broker-Dealer ,
Compliance ,
Corporate Governance ,
Enforcement Actions ,
Insider Trading ,
Investment Adviser ,
Investment Companies ,
Offerings ,
Penalties ,
Public Offerings ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Shareholder Litigation
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
7/5/2023
/ Audits ,
Broker-Dealer ,
Compliance ,
Corporate Governance ,
Enforcement Actions ,
Insider Trading ,
Investment Adviser ,
Investment Companies ,
Offerings ,
Penalties ,
Public Offerings ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Shareholder Litigation
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
7/5/2023
/ Broker-Dealer ,
Compliance ,
Corporate Governance ,
Enforcement Actions ,
Insider Trading ,
Investment Adviser ,
Investment Companies ,
Offerings ,
Penalties ,
Public Offerings ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Shareholder Litigation
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges....more
7/1/2023
/ Audits ,
Broker-Dealer ,
Compliance ,
Corporate Governance ,
Enforcement Actions ,
Insider Trading ,
Investment Adviser ,
Investment Companies ,
Offerings ,
Penalties ,
Public Offerings ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Shareholder Litigation
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
6/23/2023
/ Asset Management ,
Broker-Dealer ,
Cherry Picking ,
Conflicts of Interest ,
Cryptoassets ,
Enforcement Actions ,
False Statements ,
Insider Trading ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Market Manipulation ,
Offerings ,
Popular ,
Private Investment Funds ,
Registered Investment Advisors ,
Securities ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Special Purpose Acquisition Companies (SPACs)
2022 was a busy year for the SEC’s Enforcement Division. This 2022 Retrospective highlights some of the year’s notable cases, largest settlements, new and noteworthy theories, and court decisions worth remembering....more
1/5/2023
/ Broker-Dealer ,
Cryptocurrency ,
Disgorgement ,
Enforcement Actions ,
Enforcement Priorities ,
Enforcement Statistics ,
Environmental Social & Governance (ESG) ,
Insider Trading ,
Investment Adviser ,
Investment Company Act of 1940 ,
Popular ,
Publicly-Traded Companies ,
Regulation Best Interest ,
Regulation FD ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Violations ,
Settlement ,
Unregistered Securities
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
1/4/2023
/ Board of Directors ,
Broker-Dealer ,
Compliance ,
Corporate Issuers ,
Corporate Officers ,
Enforcement Actions ,
Enforcement Statistics ,
Insider Trading ,
Investment Adviser ,
Investment Companies ,
Market Manipulation ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges....more
12/1/2022
/ Audits ,
Bitcoin ,
Broker-Dealer ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Fund Managers ,
Insider Trading ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Funds ,
Investment Management ,
Investors ,
Market Manipulation ,
Registered Investment Advisors ,
RMBS ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Securities Violations ,
Unregistered Securities
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
11/8/2022
/ Antitrust Provisions ,
Audits ,
Broker-Dealer ,
Compliance ,
Enforcement Actions ,
Interlocking Directorate ,
Investment Adviser ,
Investment Companies ,
Kim Kardashian ,
Offerings ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
The Clayton Act
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
10/1/2022
/ 10b5-1 Plans ,
Accounting Standards ,
Audits ,
Civil Monetary Penalty ,
Disgorgement ,
Enforcement Actions ,
Failure To Disclose ,
Foreign Corrupt Practices Act (FCPA) ,
Insider Trading ,
Internal Controls ,
PCAOB ,
Rule 10b-5 ,
Securities ,
Securities Act of 1933 ,
Securities Exchange Act ,
Securities Violations ,
Settlement ,
Statute of Limitations
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
9/6/2022
/ Accounting Controls ,
Audits ,
Broker-Dealer ,
Compliance ,
Disgorgement ,
Enforcement Actions ,
Fraud ,
GAAP ,
Initial Coin Offering (ICOs) ,
Initial Public Offering (IPO) ,
Insider Trading ,
Internal Controls ,
Investment Adviser ,
Market Manipulation ,
Material Misstatements ,
Misappropriation ,
Non-Public Information ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
8/9/2022
/ Advisors Act ,
Cease and Desist Orders ,
Civil Monetary Penalty ,
Disgorgement ,
Enforcement Actions ,
Illegal Tipping ,
Investment Adviser ,
Rule 10b-5 ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Settlement
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
7/6/2022
/ Broker-Dealer ,
Compliance ,
Enforcement Actions ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Market Manipulation ,
NRSRO ,
Offerings ,
Regulatory Authority ,
Securities ,
Securities Exchange Act ,
Securities Violations
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
6/6/2022
/ Administrative Law Judge (ALJ) ,
Administrative Proceedings ,
Broker-Dealer ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Insider Trading ,
Investment Companies ,
Investment Company Act of 1940 ,
Registered Investment Advisors ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Social Security Act
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
5/1/2022
/ Affirmative Defenses ,
Audits ,
Broker-Dealer ,
Cybersecurity ,
Due Process ,
Enforcement Actions ,
Fees ,
Financial Accounting ,
Insider Trading ,
Investment Advisers Act of 1940 ,
Market Manipulation ,
Material Nonpublic Information ,
Mutual Funds ,
Notice Requirements ,
Offerings ,
Referral Fees ,
Registered Investment Advisors ,
Risk Alert ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges. ...more
3/2/2022
/ Accounting Standards ,
Audits ,
Broker-Dealer ,
Enforcement ,
Enforcement Actions ,
Foreign Corrupt Practices Act (FCPA) ,
Insider Trading ,
Investment Adviser ,
Offerings ,
Securities ,
Securities and Exchange Commission (SEC)
In an 8-1 decision, the U.S. Supreme Court upheld the authority of the Securities and Exchange Commission (SEC) to seek disgorgement from defendants in SEC enforcement actions, but placed important limitations upon the...more
6/25/2020
/ 15 U.S.C. § 78u(d)(5) ,
Administrative Authority ,
Business Expenses ,
Calculation of Damages ,
Corporate Misconduct ,
Disgorgement ,
Enforcement Actions ,
Equitable Relief ,
Kokesh v SEC ,
Lack of Authority ,
Liu v Securities and Exchange Commission ,
Net Profits ,
Remedies ,
SCOTUS ,
Securities and Exchange Commission (SEC)
On February 12, 2018, the U.S. Securities and Exchange Commission (“SEC”) Enforcement Division announced a new initiative in its continued effort to seek reimbursement for clients of fee-based investment advisers which failed...more