Fiduciary Duty, Custody Rule

SEC Proposes Radical Transformation of Custody Rule Into New Safeguarding Rule

Goodwin on 2/17/2023

On February 15, 2023, the Securities and Exchange Commission (the “SEC”) proposed a significant transformation of Rule 206(4)-2 (the “Custody Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”) into a new...more

Private Fund Sponsors Remain in Spotlight of the SEC’s Examination Priorities

Goodwin on 2/9/2023

On February 7, 2023, the Division of Examinations (“EXAMS”) of the Securities and Exchange Commission (“SEC”) issued its examination priorities for 2023 reflecting a continued focus on SEC-registered private fund sponsors....more

OCC Allows National Banks to Custody Cryptocurrency

Dechert LLP on 9/9/2020

The Office of the Comptroller of the Currency (OCC) issued an interpretive letter (Letter) on July 22, 2020, stating that national banks and federal savings associations have the authority to provide custody services for...more

A Compilation of Non-Enforcement and Enforcement Actions

Foley & Lardner LLP on 6/3/2016

Non-Enforcement - Mutual Fund Directors Must Be Vigilant in Addressing Risks - In remarks to the Mutual Fund Directors Forum, SEC Chair Mary Jo White outlined some of the risks and challenges that mutual fund...more

Bridging the Week - April 2015 #3

Katten Muchin Rosenman LLP on 4/23/2015

CFTC Commissioner Bowen Argues for User Fees During House Subcommittee Hearing; Commissioner Wetjen Calls for Bankruptcy Law Amendments to Permit Individual Segregation of Customer Funds - Commodity Futures Trading...more

Fiduciary Duty › Custody Rule

SEC Proposes Radical Transformation of Custody Rule Into New Safeguarding Rule

Private Fund Sponsors Remain in Spotlight of the SEC’s Examination Priorities

OCC Allows National Banks to Custody Cryptocurrency

A Compilation of Non-Enforcement and Enforcement Actions

Bridging the Week - April 2015 #3

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