We wanted everyone to see the recent alert published by Kimberly L. Kwan and Joshua Ashby, concerning the SEC and Crowdfunding Portals. SEC Expects Crowdfunding Portals to be ‘Gatekeepers,’ Not Ignore Red Flags (foxrothschild.com)
Latest from Securities Compliance Sentinel - Page 2
NFTs: A New Mechanism for Money Laundering… Uh Oh!
On February 4, 2022, the United States Treasury Department released a report that indicated non-fungible tokens (“NFTs”), currently, one of the trendiest cryptocurrency structures, may become a new avenue for money launderers and other nefarious ne’er do wells. Study of
SEC Proposes More Stringent Rules for Hedge and Private Equity Funds
The U.S. Securities and Exchange Commission (“SEC” and “Commission”) proposed new rules to increase hedge fund and private equity fund disclosures to increase oversight of the industry and to monitor systemic risks.
The proposal would require certain advisors to hedge
Fox Rothschild’s Securities Webinar Series Kicks Off with SEC Discussion
Please see the attached link for our SEC investigation and litigation discussion webinar and please join us for our next webinar on securities litigation:
Securities Sit-Down: SEC Investigations and Litigation
Did you miss the first installment of our Securities Sit-Down webinar series, which focused on SEC Investigations and Litigation?
Well, it isn’t too late. You can review a recording of the presentation by Ernest Badway and Patrick Egan here.
New Limits for Qualified Clients
The SEC adjusted the definition of “qualified clients,” becoming effective on August 16, 2021, pursuant to the Dodd-Frank Act of 2010, requiring such an adjustment for inflation every five years. Investment Advisers Act of 1940 Section 205(a)(1) prohibits an RIA
Fund Adviser Exemptions Primer– Redux
I never find it boring to review the investment adviser exemptions for private fund managers. Apparently, I am not the only one since this is a question we frequently field.
Initially, private fund manager investment advisers, who are primarily regulated
New SEC Division Undertakes 2021 Examination Priorities
On December 17, 2020, SEC created the Division of Examinations by renaming the now defunct, Office of Compliance Inspections and Examinations, making it the SEC’s 6th Division joining Enforcement, Corporation Finance, Trading and Markets, Investment Management, and Economic and Risk
Fox Rothschild’s Securities Industry Group’s New Interactive Survey of State Blue Sky Filing Requirements Facilitates Rule 506, Regulation A+ Securities Compliance
Fox Rothschild’s Securities Industry Group is pleased to announce its publication of an interactive Survey of State Blue Sky Filing Requirements. SI Group members, A. Binford Minter and Jennifer M. Vinciguerra, were instrumental in developing the site. We encourage
Leaving is the Hardest Part Especially if You Want to Re-Enter the Securities Industry
We were recently reminded of how difficult it is to re-register for a position in the securities industry after being barred. See https://www.sec.gov/litigation/admin/2021/ia-5682.pdf.
On February 9, 2021, the United States Securities and Exchange Commission refused to let a former investment