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Top 20 Regulatory Alerts – 2018

So much for calm regulatory waters.  As we look back on 2018, the SEC, contrary to many predictions, pursued a vigorous examination and enforcement agenda.  Meanwhile, the federal courts kept moving the regulatory ball in areas such as the fiduciary rule and whistleblowers.  Crypto offerings emerged as the new investment management frontier, while cybersecurity continues to worry most market participants.  Along the way, we have sought to keep you updated and informed in real time with our (nearly) daily regulatory alerts.  We have reviewed all our Alerts for 2018 and offer our list of the Top 20 Alerts of 2018.  You can decide for yourself by visiting our blog at http://cipperman.com/blog/.  If you want to dig deeper, you should read my new book The Compliance Advantage: Ten Must-Know Trends to Protect Your Investment Firm (now available on Amazon in paperback or Kindle format).

 

Top 20 Regulatory Alerts – 2018

 

  1. FIFTH CIRCUIT VACATES FIDUCIARY RULE (3/19/18)
  2. SEC FILED 32% MORE ENFORCEMENT CASES AGAINST ADVISERS AND FUNDS IN FISCAL 2018 (11/5/18)
  3. SEC RAISES CRYPTOCURRENCY FUND QUESTIONS (1/22/18)
  4. SEC PROPOSES BROKER BEST INTEREST STANDARD (4/19/18)
  5. INTERNET COMPANY PAYS $35 MILLION FOR FAILING TO TIMELY DISCLOSE HACK OF CUSTOMER INFO (4/25/18)
  6. CCOS LIABLE FOR FAILING TO “MEANINGFULLY” IMPLEMENT COMPLIANCE PROGRAMS (11/12/18)
  7. SEC FINES 13 FIRMS FOR FAILING TO FILE FORM PF (6/4/18)
  8. SUPREME COURT RULES THAT WHISTLEBLOWER MUST REPORT TO SEC (2/22/18)
  9. SEC IS EXAMINING REGISTERED FUNDS AND ETFS FOR OVERSIGHT, POLICIES, AND CONFLICTS (11/9/18)
  10. BROKER/CUSTODIAN SHOULD HAVE FILED SARS TO REPORT ADVISERS ACT VIOLATIONS (7/10/18)
  11. SEC PROPOSES ETF RULE (6/29/18)
  12. SEC PROPOSES FUND-OF-FUNDS RULE TO REPLACE ALL CURRENT EXEMPTIVE ORDERS (12/20/18)
  13. LARGE ASSET MANAGER PAYS $97 MILLION FOR OVER-RELYING ON FAULTY QUANT MODELS (8/28/18)
  14. FUND ADMINISTRATOR PAYS FOR CLIENT’S FRAUD (1/24/18)
  15. ADVISERS FAILING BEST EXECUTION COMPLIANCE OBLIGATIONS (7/16/18)
  16. SEC CHARGES VIOLATIONS OF TESTIMONIAL RULE (7/12/18)
  17. STATE SECURITIES REGULATORS REPORT SIGNIFICANT INCREASES IN CRIMINAL PENALTIES (10/11/18)
  18. FUND MANAGERS FINED FOR DISQUALIFYING POLITICAL CONTRIBUTIONS (7/11/18)
  19. SEC WANTS ADVISERS TO ENHANCE MONITORING OF ALTERNATIVE MESSAGING SYSTEMS (12/18/18)
  20. SEC ALLOWS FUND BOARDS TO RELY ON CCO FOR EXEMPTIVE RULE COMPLIANCE (10/15/18)