Entries tagged “sec”
Adviser’s Principal Banned for False Statements of Eligibility, Failure to Maintain Records and Compliance Manual
insights 
Benjamin Douglas · March 2, 2015
A February SEC enforcement case provided a reminder to investment advisers of the importance of meticulous compliance with requirements regarding record retention and compliance manuals. In the order*, the SEC settled an administrative proceeding for various alleged offenses by a small investment adviser and its owner. Notably brazen were the adviser’s false representations regarding its…
Dodd-Frank 30 Day Countdown: Day 30
insights June 16, 2011
A Dodd-Frank Overview According to the U.S. Securities and Exchange Commission (SEC), “Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) addresses the gap in U.S. financial regulation of OTC swaps by providing a comprehensive framework for the regulation of the OTC swaps markets.” Dodd-Frank goes into effect July 16, 2011 (360 days after it…
Exploring Title VII of the Dodd-Frank Act & the Impact on Margin Posed by End Users
insights March 18, 2011
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) continue to issue regulations implementing the OTC derivatives provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). In a Q&A, Robin Powers of the Rimon Law Group discusses Title VII of Dodd-Frank and its impact on margin/collateral posed by End-Users. This article appeared…
SEC Proposes Amendments to Accredited Investor Status
insights February 16, 2011
The SEC recently voted to propose amendments to the net worth standard for determining accredited investor status under the Securities Act of 1933. Under the proposal, the SEC’s rules would be amended to exclude the value of an individual’s primary residence in calculating net worth for the purposes of determining whether a person qualifies as…
Disclosure Rules on Conflict Minerals May Have Broad Impact
insights January 19, 2011
The SEC proposed rules which would require any company that uses “conflict minerals” from the Democratic Republic of the Congo to provide a detailed annual report to the SEC. Under a proposal adopted by the SEC, public companies would be required to report annually whether the goods they manufacture contain minerals from war-torn central Africa.…
FINRA Regulatory Notice Regarding Regulation D Offerings
insights June 7, 2010
The Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 10-22 on April 20, 2010. The notice, which came in light of recent abuses in Regulation D offerings, was intended to be a reminder to broker-dealers of their obligation to conduct a reasonable investigation of the issuer and the securities they recommend in offerings made under…