Examinations Enforcement: SEC Actions

OCIE examined 15% of SEC-registered IAs in fiscal year 2020

"Simmons created and saved a blank ‘memo to file’ concerning the October 2016 Investment that contained only the subject and a date ‘10-21-16,’ but had ...

There’s no indication in the complaint of a subsequent OCIE exam, triggering a question as to how the SEC would have learned of this, raising ...

TAM required four money market funds it advised to reimburse fees and expenses previously waived

Private fund adviser settles custody case - but where did all the money go?

The SEC has handed over its private fund adviser compliance “playbook” but now it’s up to the industry to execute the plays, a pair of ...

Senior management, including compliance personnel, sent and received business-related text messages

The new procedures also required the establishment of a Compliance Committee, composed of LCA’s CEO, CCO, and CFO...The Compliance Committee failed to meet on a ...

Altered reports were delivered to OCIE and Enforcement by the CCO

A banner year seen when it comes to the amount of financial remedies obtained