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Enforcement Custody Rule

Winstead PC

SEC Probes into Advisers’ Compliance with the Custody Rule for Digital Assets

Winstead PC on

On January 26, Reuters reported SEC probes into registered investment advisers and their compliance with the custody rule for digital assets. Investment advisers should be ready to respond to any SEC inquiry and take the...more

Proskauer Rose LLP

Repeated Violations of the Custody Rule Result in SEC Administrative Action

Proskauer Rose LLP on

On October 29, 2014, the Securities and Exchange Commission (SEC) announced an administrative proceeding against a registered investment adviser, its principals and its chief compliance and operating officer for violating...more

Dorsey & Whitney LLP

This Week In Securities Litigation

Dorsey & Whitney LLP on

The Commission brought a series of administrative proceedings this week and one civil injunctive action. The civil injunctive action was an insider trading case. The administrative proceedings centered on FCPA violations, the...more

Stinson - Corporate & Securities Law Blog

Providing Audited Financial Statements Late Leads to Charges of Custody Rule Violations

The SEC announced charges against an investment advisory firm and three of its top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money...more

Katten Muchin Rosenman LLP

SEC Charges Investment Adviser with Custody Rule Violations

The Securities and Exchange Commission recently announced that it had charged Professional Investment Management, Inc. (PIM), an investment adviser, and its president, Douglas E. Cowgill, with violating rules governing the...more

Brooks Pierce

SEC CustodyFest Vol. 3: Jason Returns

Brooks Pierce on

In this last chapter of SEC CustodyFest, we visit Knelman Asset Management Group. For this case, I’m mostly interested in discussing a change to the SEC’s custody rule, Rule 206(4)-2, from 2010....more

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