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Recent Take-Aways Involving the Marketing Rule Sweep and Enforcement Activity

On June 8, 2023, the Security and Exchange Commission’s (“SEC’s”) Division of Examinations (the “Division”) published a Risk Alert (the “Alert”) announcing “additional areas of emphasis” during the next leg of sweep...more

Incorrect “Fee Waiver” Formula Leads to Multi-Million Dollar Penalty

On June 16, 2023, the Securities and Exchange Commission (“SEC”) issued a press release announcing a $2.5 million settlement order of an enforcement action (the “Order”) against a multi-trillion dollar registered investment...more

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