On Dec. 18, 2014, the Financial Crimes Enforcement Network (“FinCEN”) issued a first-of-its-kind $1-million assessment against the former chief compliance officer and senior vice president of government affairs at MoneyGram International Inc. FinCEN determined that the CCO “willfully violated” the
Schulte Roth & Zabel LLP
Schulte Roth & Zabel LLP is a law firm that publishes blogs focusing on regulatory and compliance issues affecting financial services and investment management. Their content covers updates and analyses on securities laws, investment company regulations, sanctions, and financial industry rules such as the Volcker Rule and LIBOR transition. The firm provides insights into developments from regulatory bodies like the SEC, OFAC, and other financial regulators. Their publications aim to inform legal and financial professionals about changes in the regulatory landscape and their implications for investment funds, ETFs, and financial institutions.
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https://srz.com
Latest from Schulte Roth & Zabel LLP - Page 9
New SEC Cybersecurity Guidance
Cybersecurity continues to be a priority for the Securities and Exchange Commission (SEC). The SEC’s Office of Compliance Inspections and Examinations conducted a cybersecurity “sweep” examination in 2014 and released a summary of its results in early 2015. The SEC’s…
Real Estate Managers Face New Wave of SEC Scrutiny
Real estate fund managers were among the myriad private fund advisers affected by changes to the SEC’s registration requirements under the Dodd-Frank Act in 2011. In the lead-up to the Dodd-Frank registration deadline in March 2012, and for many months…
Model Cybersecurity Contract Terms and Guidance for Investment Managers to Manage Their Third-Party Vendors
Like many companies, investment managers require a wide range of third-party vendor-provided products and services to manage their daily operations. These vendors have varying levels of access to sensitive data, and policies are needed to reduce the cybersecurity risks that…
SEC Examinations of Private Fund Advisers
With new personnel, technology and types of examinations, the U.S. Securities & Exchange Commission has expanded its examination program in an effort to encompass the influx of advisers to private funds, newly required to register by the Dodd-Frank Act.
Click…
SEC Examinations of Private Fund Advisers
With new personnel, technology and types of examinations, the U.S. Securities & Exchange Commission has expanded its examination program in an effort to encompass the influx of advisers to private funds, newly required to register by the Dodd-Frank Act.
Click…
The Impact of United States v. Newman on the Use by Investment Advisers of Information Resources
As part of their research process, investment managers gather information from a wide variety of sources. Those sources include: (i) executives and employees of public companies; (ii) competitors; (iii) distributors and suppliers; (iv) sell-side analysts; (v) expert networks; (vi) employees…
Q&A: Legal Defences
As cybersecurity continues to remain a key focus for hedge funds, there is a growing number of questions surrounding the associated legal issues and requirements. Click here to read the interview with HFMTechnology, in which SRZ partners Marc E. Elovitz and…
Proactively Addressing Hedge Fund Cybersecurity Risks
Click here to read this Q&A with The Hedge Fund Journal in which SRZ partner Marc E. Elovitz and special counsel Michael L. Yaeger talk about the growing need for cybersecurity policies for hedge funds, both in light of recent regulatory attention…
BHP Billiton Settles with SEC for $25 Million for Providing Foreign Officials with Luxury Travel to Olympics
The U.S. Securities and Exchange Commission (“SEC”) on May 20, 2015 announced a settlement with global resources company BHP Billiton over allegations that BHP Billiton violated the Foreign Corrupt Practices Act (“FCPA”) by providing luxury travel packages to foreign government…