NY State Attorney General Targets Finders and Business Brokers in Pandemic Rule-Making
Latest from Securities Compliance Sentinel - Page 5
SEC and States Provide Relief for Upcoming Proxy Season Due to COVID-19
As proxy season approaches for a number of public companies, the Securities and Exchange Commission (SEC) and certain state authorities have taken steps to revise their current corporation laws or provide guidance for companies regarding the conduct of annual shareholder
Private Equity/Hedge Funds Have Not Been Lucky with the SEC Lately
In 2 separate actions, the SEC came down very hard on private equity/hedge funds regarding both disclosure and operational issues. See https://www.sec.gov/enforce/ia-5478-s; and https://www.sec.gov/enforce/ia-5485-s.
In the first action, a firm settled for $1 million because it allegedly mischaracterized its prior
Securities Regulators Will Be Conducting Exams on BCPs
Last month, we discussed business continuity plans and how important they were to firms. Further, my partner, Josh Horn, and I, recently, conducted a webinar for the NSCP on this very topic.
Now, we know both the SEC and FINRA
Ernie Badway Participates in West LegalEdCenter Webinar: A Look at NYDFYS Regulations ― Two Years In
Join me, along with co-presenters Daniel Garrie of Law and Forensics and Jessica Friedman of JP Morgan Chase, for a recorded CLE webinar offering an update on the New York State Department of Financial Services’ cybersecurity regulations, which are designed
Compliance Personnel Cannot Stick Their Head in the Sand
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Compliance personnel– especially, chief compliance officers– cannot ignore problems because, as one SEC ALJ determined, it will lead to censure and fines for ignoring compliance obligations. See https://www.sec.gov/alj/aljdec/2020/id1400cff.pdf.
Apparently, for over 10 years, a registered investment advisor hired a
Fund Manager Tried (and Failed) to Obtain Investors by Lying About Other Investors’ Participation
The SEC recently brought and settled an action against a former wannabe fund manager, who lied to prospective investors that he already had raised millions of dollars in the fund from other (fictitious) investors. The fund manager was barred from
Fox Rothschild LLP’s Securities Industry Group Members Patrick Egan and Chuck DeMonaco Present an Insider Trading Webinar
Please join Fox Rothschild LLP’s Security Industry Group members, Patrick Egan and Chuck DeMonaco, for a timely discussion on insider trading and the effect of the pandemic on those investigations. Kindly join us
It’s All in the Timing: Insider
Josh Horn and Ernie Badway Host Webinar on Business Continuity Plans with NSCP
We wanted to invite everyone to attend the below webinar:
Ensuring Business Continuity During the Coronavirus Crisis
Complimentary Webinar
Thursday, April 9, 2020 | 2 p.m. ET
Join Joshua Horn, Fox Rothschild LLP; Ernie Badway, Fox Rothschild LLP; and
Reg BI and Form CRS Are More Important to the SEC Than the Pandemic
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Unfortunately, in a very short sighted move by the United States Securities and Exchange Commission, its Chairman Jay Clayton announced that the SEC would not extend the compliance date for Regulation BI and the use of Form CRS passed the