Failures by a number of investment advisers to comply with certain rules governing principal and agency cross trades has prompted the compliance inspections staff of the Securities and Exchange Commission (SEC) to issue a...more
10/1/2019
/ Cross Trading ,
Disclosure Requirements ,
Failure to Comply ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
OCIE ,
Policies and Procedures ,
Pooled Investment Vehicles ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Strict Compliance
The SEC staff has issued a no-action letter to Madison Capital Funding LLC, allowing the registered investment adviser to conduct certain loan syndication activities despite its inability to comply with certain requirements...more
In a regulatory first, the Securities and Exchange Commission (SEC) has issued a cease and desist order and imposed a $200,000 fine against a hedge fund that invested in digital assets and its founder. ...more
10/1/2018
/ Bitcoin ,
Cease and Desist Orders ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Financial Instruments ,
Initial Coin Offering (ICOs) ,
Investment Company Act of 1940 ,
Investment Opportunities ,
Regulatory Oversight ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
Amid concerns that many investors may not fully understand the risks associated with virtual currencies, or the limits of regulatory oversight, the National Futures Association (NFA) recently issued an interpretive notice...more
9/5/2018
/ Bitcoin ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Cryptocurrency ,
Currency Exchange ,
Cybersecurity ,
Digital Currency ,
Disclosure Requirements ,
Financial Markets ,
Futures ,
Futures Commission Merchants (FCMs) ,
Interpretive Rule ,
Introducing Brokers ,
Investment Products ,
Investor Protection ,
National Futures Association ,
NFA ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements ,
Virtual Currency
On July 11, 2018, the Securities and Exchange Commission (SEC) issued a risk alert outlining certain compliance issues identified by its Office of Compliance Inspections and Examinations (OCIE) related to the obligation to...more
8/1/2018
/ Best Execution ,
Fiduciary Duty ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
OCIE ,
Policies and Procedures ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Alert ,
Securities and Exchange Commission (SEC) ,
Securities Transactions ,
Strict Compliance
The regulatory focus on initial coin offerings (ICOs) in France continues unabated, with the French Treasury proposing a new legislative framework, yet to be officially adopted, that aims to balance the development of ICO...more