On October 10, 2023, the U.S. Securities and Exchange Commission (the “SEC”) adopted final rules amending (the “Amendments”) Schedules 13D and 13G of the Securities Exchange Act of 1934 (the “Exchange Act”) to modernize its...more
10/16/2023
/ Beneficial Owner ,
Compliance ,
FDIC ,
Final Rules ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investors ,
New Amendments ,
Schedule 13D ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934
Beginning January 1, 2021, registered management companies and certain registered unit investment trusts that have complied with the required transition period disclosures are now able to use electronic delivery to transmit...more
On December 3, 2020, the Securities and Exchange Commission (“Commission” or “SEC”) announced the adoption of a new rule that establishes an updated regulatory framework for valuation practices of registered investment...more
On October 28, 2020, the Securities and Exchange Commission (referred to as SEC or Commission) voted to adopt new rules, and rule and form amendments, designed to provide an updated, comprehensive approach to the regulation...more
On October 7, 2020, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a new rule, Rule 12d1-4, and related amendments designed to permit a registered investment company or business development company or...more
On Wednesday, August 26, 2020, the Securities and Exchange Commission (the “SEC”) changed the investment landscape as we know it by modestly relaxing the eligibility rules for investment in private offerings. The Adopting...more
9/10/2020
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Certifications ,
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Financial Industry Regulatory Authority (FINRA) ,
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Private Offerings ,
Proposed Amendments ,
Qualified Institutional Buyers ,
Rural Business Investment Companies (RBICs) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
Non-Enforcement -
SEC Decides Against Mounting an Appeal in Koch Ruling -
The July 2015 ruling by the D.C. Circuit Court in Koch v. SEC will apparently not be challenged by the SEC. The Court ruled in that...more
11/2/2015
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Board of Directors ,
Breach of Duty ,
Cease and Desist Orders ,
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Cybersecurity ,
Disclosure Requirements ,
Disgorgement ,
Division of Investment Management ,
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Fiduciary Duty ,
Fixed Income Investments ,
Guidance Update ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Companies ,
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Investment Management ,
Investor Protection ,
Liquidity Risk Management Rule ,
Meals-Gifts-and Entertainment Rules ,
Mismanagement ,
Money Market Funds ,
Municipal Advisers ,
Mutual Funds ,
NRSRO ,
Popular ,
Prejudgment Interest ,
Private Funds ,
Proposed Regulation ,
Recordkeeping Requirements ,
Registered Investment Advisors ,
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Testimonial Statements ,
Valuation
Non-Enforcement - States are Accommodating Crowdfunding Offerings While the SEC Continues to Ponder Crowdfunding Rules -
The SEC first proposed rules in October 2013 for the crowdfunding exemption which was included in...more
8/3/2015
/ Accountants ,
Asset Valuations ,
Auditors ,
Broker-Dealer ,
Civil Monetary Penalty ,
Crowdfunding ,
Department of Labor (DOL) ,
Fee Disclosure ,
Fiduciary Duty ,
Hedge Funds ,
Investment Company Act of 1940 ,
Investors ,
JOBS Act ,
Private Equity Funds ,
Public Pension ,
Securities and Exchange Commission (SEC)
In a recent SEC no-action letter (RS Global Natural Res. Fund, SEC no-action letter, available 3/6/14), the SEC stated that it would take a non-enforcement position if a SEC registered investment adviser to a fund registered...more
SEC Reminds Funds That Shareholders Should Be Allowed to Vote on Each Material Amendment to Charter Documents -
The Staff of the Division of Investment Management has issued guidance to funds reminding them that when...more