SEC Announces Its 2016 Compliance Examination Priorities

In what has become a January tradition, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) announced its compliance priorities for the coming year. Registered Investment Advisers and broker-dealers should take note of these priorities as they...

Compliance Alert – Privacy Notice Relief Signed Into Law; Cybersecurity Obligations Get More Complicated

On December 4, 2015, President Obama signed a highway bill into law, which tacked on an exception to the annual privacy notice requirement for financial institutions that satisfy certain conditions. In legislation that can only be understood by Washington, D.C....

2015 SEC Enforcement Statistics and CCO Job Requirements

On October 22, 2015, the SEC announced its enforcement results for Fiscal Year 2015, including a number of first-of-their-kind cases. Chief Compliance Officers (“CCOs”) play an important role in preventing a Registered Investment Adviser (“RIA”) from becoming an...