Searching Content by Christopher Wells ordered by Published Date Descending.
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Broker-Dealer And Investment Adviser Standards Of Conduct - SEC Adopts Rules And Interpretations
On June 5, 2019, the Securities and Exchange Commission voted to adopt a package of rulemakings and interpretations, including (i) a new rule creating a standard of conduct for broker-dealers when recommending securities to retail investors (Regulation Best Interest),...
United States
24 Jun 2019
CFTC Adopts Additional Exemptions From Annual Privacy Notice Delivery Requirement
On April 19, 2019, the U.S. Commodity Futures Trading Commission (CFTC) approved a final rule revising the annual privacy notice delivery requirements applicable to CFTC registered commodity trading
United States
15 May 2019
A Practical Guide To The Regulation Of Hedge Fund Trading Activities
The trading activities of hedge funds raise a number of complex issues under the federal securities laws.
United States
16 Apr 2019
NFA Issues Guidance On Information Systems Security Programs And CPO Internal Controls Systems
The NFA has amended its existing guidance to its members on Information Systems Security Programs (ISSPs) ...
United States
14 Mar 2019
CFTC Proposes To Streamline CPO And CTA Regulations By Codifying Prior Relief
On October 9, 2018, the Commodity Futures Trading Commission (CFTC) proposed new rules in connection with the CFTC's Project KISS Initiative directed at simplifying Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) regulations.
United States
24 Oct 2018
Practical Guide To The Regulation Of Hedge Fund Trading Activities
The trading activities of hedge funds raise a number of complex issues under the federal securities laws. Proskauer's Practical Guide to the Regulation of Hedge Fund Trading Activities ...
United States
2 Jul 2018
Five Things To Think About Before A Surprise SEC Exam
If it is a cause examination, they may be trying to determine whether client assets are at risk.
United States
27 Dec 2017
U.S. House Bill Aims To Curtail SEC Staff's Ability To Obtain Algorithmic Trading Source Code
This would prevent the SEC staff from obtaining source code through OCIE exam requests or during the early stages of an investigation before the staff has obtained authority to issue subpoenas.
United States
6 Nov 2017
New Developments On The Scope Of The Registered Investment Adviser Exemption Under Section 16 Of Exchange Act
Hedge funds and other private investment funds can take advantage of the exemption for registered investment advisers (RIAs) under Exchange Act Rule 16a-1(a)(1)(v), the "RIA Exemption."
United States
28 Sep 2017
SEC Flags The Top Six Advertising Rule Deficiencies For Investment Advisers
The SEC staff recently published an alert highlighting the most common deficiencies seen in investment advisers' marketing materials.
United States
28 Sep 2017
SEC Issues Risk Alert On The Most Frequent Advertising Rule Compliance Issues And Use Of Accolades In Advertisements
On September 14, 2017, the staff of the SEC's OCIE issued a National Examination Program Risk Alert on the most frequent advertising rule compliance issues identified in OCIE examinations...
United States
27 Sep 2017
New California Law Requires Increased Private Fund Fee And Expense Disclosure
Recent state legislative developments in California will require disclosure of certain information by private investment fund managers, primarily in the area of fees and expenses incurred by state and local pension and retirement plans.
United States
29 Sep 2016
Private Fund Advisers Must Pay Close Attention To Nuances Under Pay-To-Play Restrictions In Light Of Upcoming Elections Nationwide
As the elections approach nationwide, advisers to private investment funds with current or prospective state or local government entity investors should be mindful of political activities by their personnel.
United States
19 Aug 2016
The FCA Peers Into Dark Pools
The FCA uses thematic reviews to assess a current or emerging risk relating to an issue or product across a number of firms within a sector or market
United States
25 Jul 2016
SEC Adopts Higher Net Worth Threshold For Qualified Clients Under The Advisers Act
In an order dated June 14, 2016, the SEC adopted its prior proposal to increase the net worth threshold for "qualified clients" under Rule 205-3 of the Investment Advisers Act of 1940 (the Advisers Act) from $2 million to $2.1 million.
United States
22 Jun 2016
SEC Announces Settlement With Adviser Found To Have Acted As An Unregistered Broker And Engaged In Conflicted Transactions
On June 1, 2016, the SEC announced a settlement with Blackstreet Capital Management, LLC and Murry N. Gunty, Blackstreet's managing member and principal owner.
United States
8 Jun 2016
SEC Proposes Higher Net Worth Threshold For Qualified Clients Under The Advisers Act
On Wednesday, May 18, 2016, the U.S. Securities and Exchange Commission (SEC) proposed to increase the net worth threshold for qualified clients from $2 million to $2.1 million.
United States
24 May 2016
Pay-To-Play Rule: SEC Announces Compliance Date For Ban On Third-Party Solicitation Of Government Entities
The SEC must find, by order, that such FINRA and MSRB rules impose substantially equivalent or more stringent restrictions than the Pay-to-Play Rule and are consistent with its objectives.
United States
20 Jul 2015
Cybersecurity Guidance For Registered Investment Advisers
The Guidance Update provides several measures that advisers may wish to consider when creating a cybersecurity policy.
United States
6 May 2015
CFTC Grants Relief To Family Offices From Registration As Commodity Trading Advisor
On November 5, 2014, the U.S. Commodity Futures Trading Commission (CFTC) issued a no-action letter granting relief from registration as a commodity trading advisor (CTA) to family offices that qualify for the family office exemption under the Securities and Exchange Commission's family office rule, 17 CFR 275.202(a)(11)(G)-1.
United States
10 Dec 2014
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