Because the world of compliance is ever-changing, with some areas being elusive, Core Compliance stresses the importance of continuing education. Last week the Securities and Exchange Commission (“SEC”) released the schedule for Compliance Outreach Program seminars. This year, 6 major … Read More
Core Compliance℠ featured in NSCP’s Currents, the April 2015 Special Reprint edition. In this article, we go in depth in an article detailing the current landscape of anti-money laundering. He reviews the regulations, the duties of investment advisers, industry trends, … Read More
March 30, 2015 “In the past few years, the Securities and Exchange Commission (SEC) has taken a tougher stance against recidivist behavior by registered investment advisory firms (RIAs).
Earlier this week, the Securities and Exchange Commission (“SEC”) filed an enforcement action against BlackRock Advisors LLC for failing to fulfill its fiduciary duty. According to the SEC order, while managing energy-related funds at BlackRock, Daniel J. Rice III … Read More
Last week, the U.S. Securities and Exchange Commission (“SEC”) announced that Marc Wyatt will succeed Andrew Bowden as the Acting Director of the Office of Compliance Inspections and Examinations (“OCIE”). Although Wyatt has been with the SEC since 2012, for … Read More
Last week the Securities and Exchange Commission (“SEC”) charged KBR, Inc., a Houston-based technology and engineering firm with violating whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act. According to the SEC, KBR used “improperly restrictive language in confidentiality agreements … Read More
Over the past few years, the Securities and Exchange Commission (“SEC”) has made it very clear that bringing enforcement actions for misconduct remains one of its top priorities. In 2014, the SEC reported having charged 80 people in cases involving … Read More
A few weeks ago, we wrote a blog highlighting the Municipal Securities Rulemaking Board’s (“MSRB”) proposal for professional qualification standards for municipal advisors Well, the qualification standards are no longer a proposal. Today, the Securities & Exchange Commission (“SEC”) approved the … Read More
