CCLS Blog Spotlight

consultant-access-person-blog

SEC Takes Advisory Firm to Enforcement for Failing to Deem a Third Party Consultant as an “Access Person”

In the Matter of Federated Global Investment Management Corp (“FGIMC”), the SEC settled an administrative proceeding against FGIMC for a failure to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material, nonpublic information in connection with FGIMC’s use of outside consultants as part of its securities research and …

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